Listing ID : TB8354015
-
Garage
2 -
Structure / Lot Size
2,523 Sqft / 14,374 Sqft -
Year
1947
Description
**Before the hurricane, the property generated a gross monthly rental income of $9,000—averaging approximately $2,000 per unit. In 2023, short-term rental sales reached $175,000. The seller is open to creative financing options.** | Nestled in the heart of Madeira Beach, just a short three-minute stroll from the soft, sandy shores, this quadruplex is an exciting investment opportunity waiting to be seized. Set on a generous 14,200-square-foot lot, this property consists of four individual one-bedroom, one-bathroom units, offering both immediate rental potential and long-term value. Built in 1947, this charming concrete block structure has stood the test of time. Though it recently faced hurricane flooding, one of the units has already been beautifully renovated. With a strong foundation and a prime location in a vibrant coastal community, this is a chance to restore and reimagine a fantastic multi-unit property. Inside, the units feature modern vinyl flooring, ceiling fans, and smart-home capabilities, adding comfort and convenience. Each unit is equipped with wall-mounted air conditioning and heating, ensuring a cozy atmosphere year-round. The property is also connected to public water and sewer, along with street lights and reliable cable and electricity services. The exterior is equally impressive, boasting a spacious lot with lush landscaping and ample parking options. With eight covered carport spaces and an additional two garage spaces, parking is never an issue for tenants or guests. The covered parking, oversized driveway, and assigned spaces provide flexibility and ease. One of the biggest highlights of this property is its unbeatable location. Whether you're looking for an income-generating property or a beachside retreat, this spot has it all. Just minutes from the beach, residents can enjoy the best of coastal living, from breathtaking sunsets to morning walks along the shore. The area is also filled with shops, restaurants, and local attractions, ensuring there’s always something to do. This quadruplex is being sold as-is, presenting a rare chance for an investor or homeowner to put their personal touch on a property with so much potential. With strong rental demand in the area and a location that speaks for itself, this is a true gem waiting to shine again. Don’t miss the opportunity to own a piece of Madeira Beach—this is a project worth investing in!
