Active

$299,000

Features:
  • 2 Bedrooms
  • 2 Bathrooms
  • 1008 sq ft
Overview
  • ID: MFRTB8450741
  • Bedrooms: 2
  • Bathrooms: 2
  • Size: 1008 sq ft
Property Details
Remarks
This Madeira Beach duplex offers a strong value-add opportunity in a high-demand coastal rental market with excellent pro-forma income potential. Each unit is a 1-bedroom, 1-bath layout, and based on recent area comparables, fully renovated units in this neighborhood can command approximately $1,800 a month per side. This positions the property for a projected gross annual income of roughly $43,000 after renovation. The structure is block-on-slab with a duplex configuration plus a detached garage that includes an additional bathroom, offering potential for added storage, workspace, or possible future income uses subject to zoning and permitting. The roofs are approximately nine years old and in good condition. The property experienced flooding during Hurricane Helene and has not been rebuilt since. This setup allows a new owner to complete improvements to their preferred standard and maximize rental income. Property is being sold as-is.
Financial Considerations
Price:
$299,000
HOA Fee:
N/A
Tax Amount:
$7717.58
Price per SqFt:
$296.63
Tax Legal Description:
GULF SHORES 6TH ADD REPLAT BLK W 1, LOT 7
Exterior Features
Lot Size:
7074
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
2
Bathrooms:
2
Heating:
None
Cooling:
None
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1948
Construction Type:
Block
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Entrance
Additional Features 2:
N/A
Map
  • Address
    14140 E PARSLEY DR
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

img
  • Featured
  • Active
Duplex

1639 NE 16TH AVE

  • 8
  • 4
  • 151 m²
avt
Daniel Dourado
$ 375,000
avt
Daniel Dourado
$ 529,900
avt
Daniel Dourado
$ 620,000
img
  • Featured
  • Active
Duplex

910 E WATERS AVE

  • 4
  • 2
  • 120 m²
avt
Daniel Dourado
$ 325,000
img
  • Featured
  • Active
Duplex

4501/4503 15TH ST SW

  • 6
  • 4
  • 111 m²
avt
Daniel Dourado
$ 539,900
avt
Daniel Dourado
$ 790,000
avt
Daniel Dourado
$ 499,999
avt
Daniel Dourado
$ 299,000
avt
Daniel Dourado
$ 299,900
avt
Daniel Dourado
$ 259,000
avt
Daniel Dourado
$ 369,900
img
  • Featured
  • Active
Duplex

707 INDIAN ROCKS RD

  • 4
  • 2
  • 165 m²
avt
Daniel Dourado
$ 899,000