Active

$3,950,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 12275 sq ft
Overview
  • ID: MFRR4908050
  • Bedrooms:
  • Bathrooms: 0
  • Size: 12275 sq ft
Property Details
Remarks
The Alcove at Madeira beach  represents a rare investment opportunity in one of the most desired real estate markets in the country. The property consists of  18 units across 9 individual duplex buildings spread over 2 acres with a pond, lush landscaping, and ability by right to add two more units via current zoning. The asset has been meticulously upgraded with stainless steel appliances, new roofs, bathrooms, and more. Offering a turn key, fully renovated, block property, with multiple clear strategies for continued value appreciation and rental growth. Unit mix consists of  five (5) two bedroom, one bath units, twelve (12) two bedroom, two bath units, and one (1) three bedroom, two bath unit.   *Unit walkthrough videos & tours available upon request * Offering memorandum, financials, rent rolls, and due diligence files are available upon request. Please email for best response.
Financial Considerations
Price:
$3,950,000
HOA Fee:
N/A
Tax Amount:
$39139
Price per SqFt:
$276.96
Tax Legal Description:
EDGEWATER ESTATES UNIT 5 LOTS 1, 2 & 3 LESS RD R/W FROM LOT 1 PER OR 1015/141 & OR 4674/560 & LOTS 4 & 5 & SW'LY 1/2 OF LOT 3 OF EDGEWATER ESTATES UNIT 3 LESS RD R/W PER OR 4674 PG 560 & LOTS 4 & 5 & SW'LY 1/2 OF LOT 3 OF EDGEWATER ESTATES UNIT 4 & THAT 75FT X 150FT UNPLATTED TRACT LYING SW OF LOT 5 OF EDGEWATER ESTATES UNIT 4 & LYING NW OF LOT 6 OF EDGEWATER EST UNIT 3
Exterior Features
Lot Size:
89150
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Laminate
Levels:
One
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1948
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    10822 NAVAJO DR
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