For Sale
$800,000
13207 3Rd StMadeira Beach, FL 33708
Six-unit beachside apartment building, high ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 113
Highlights
- Six-unit multifamily property in Madeira Beach, FL, offering value-add potential.
- Located on a double lot (8,124 sq ft) at 13207 3rd St E, 33708.
- 2,330 sq ft building, renovated in 2023, featuring six separately metered studio units.
- Strong NOI of $98,000 (current) and projected $107,000 (pro-forma), resulting in cap rates of 12.25% and 13.38%, respectively.
- Asking price: $800,000 ($133,333.33 per unit, $343.35 per sq ft).
- Creative financing available with a $400,000 down payment.
Property Details for 13207 3Rd St
- Property type
- Apartment buildings
- Square Feet
- 2,330 SF
- Class
- A
- Year Built/Renovated
- 1958/2023
- Buildings
- 1
- Stories
- 1
- Units
- 6
Location Insight
- City
- Madeira Beach
- County
- Pinellas
- State
- Florida
- Latitude
- 27.790319
- Longitude
- -82.7845215
13207 3Rd St, Madeira Beach, Florida
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