14975 1St StMadeira Beach, FL 33708

Property Details for 14975 1St St

Year built

1953

Property size (Sq ft)

2,752 SF

Property type

Apartment buildings

Description

This exceptional waterfront triplex in Madeira Beach, Florida, presents a lucrative investment opportunity. Located at 14975 1st St E, 33708, this meticulously renovated 1953-built property boasts 2,752 square feet on a 5,000 square foot lot, offering 2,052 square feet of net rentable space. The property features three units: two 2-bedroom/2-bathroom units and one efficiency unit, all currently 100% occupied, generating a strong net operating income (NOI) of $61,500. Recent 2023 renovations include new flooring, fresh paint, and complete rewiring with new electrical panels. The property includes four carports providing ample parking for eight vehicles, plus a balcony and porch overlooking the canal. Situated on a wide canal with direct access to the Intercoastal Waterway and the Gulf of Mexico, this location offers unparalleled access to boating, fishing, and the vibrant Madeira Beach lifestyle. Proximity to John's Pass Village, restaurants, shopping (including Tyrone Mall, Walmart, and Target), and beautiful beaches adds to its appeal. The $1,390,000 asking price translates to $463,000 per unit and $677 per square foot. This turnkey investment is ideal for those seeking a high-return property in a prime location. The permitted zoning is triplex.

Location Insight

City

Madeira Beach

County

Pinellas

State

Florida

Latitude

27.8008

Longitude

-82.7994

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].