Welcome to your dream investment opportunity in Madeira Beach! Nestled in this charming coastal town this unique boutique vacation rental presents a 4-plex of unparalleled allure. Each of the four units boasts two bedrooms and one bath providing ample space and comfort for guests seeking a serene retreat by the sea. Experience the modern conveniences as the entire building underwent comprehensive updates in 2016 and 2017. No detail was spared ensuring utmost functionality and aesthetic appeal with all electrical and plumbing systems revamped. A newer roof and HVAC system gives year-round comfort while the freshly painted exterior and beautifully landscaped surroundings provide beautiful curb appeal. There's a washer and dryer available for tenants to use on the lower level. Other amenities include a grill and a Charming Tiki Hut with ample seating in the back providing the perfect setting for alfresco gatherings and sunset cocktails. The azure waters of the Gulf of Mexico are just across the street offering instant access to pristine beaches. This 4-plex is conveniently located to shops, restaurants, and exciting Beach and boating activities. NO RESTRICTIONS on rental duration makes this property a lucrative opportunity for savvy Investors, or those in need of a 1031 exchange seeking to capitalize on the high demand for vacation rentals in this sought after Locale. Don't miss out on this opportunity to own a profitable venture in this thriving vacation destination.
Financial Considerations
Price:
$1,449,000
HOA Fee:
N/A
Tax Amount:
$11009
Price per SqFt:
$500.35
Tax Legal Description:
WILLIAM'S, BILL MADEIRA HARBOR SUB LOT 1 & VAC PART OF SR 699 ADJ ON W PER OR 15475/2075
Exterior Features
Lot Size:
4373
Lot Features:
City Limits, Near Public Transit, Sidewalk
Waterfront:
No
Parking Spaces:
N/A
Parking:
None, Off Street, Open
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
4
Heating:
Central, Electric, Wall Units / Window Unit, Zoned
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer