NOT LISTED FOR SALE
4 Beds
4 Baths
1,992 Sq Ft
10,520 Sq Ft Lot

Last Sold December 03, 2021

Last sale price $824,900 $414 Per Sq Ft

30 Days on Market

Highlights

  • No HOA
  • Family Room Off Kitchen
  • Cooling System Mounted To A Wall/Window
  • Orange Grove Elementary School Rated A
  • Shade Shutters
  • Awning

About This Home

As of December 2021

Price reduced. Amazing opportunity to purchase this income producing property just a short distance from Madeira Beach, John's Pass Village, and all the local bars, restaurants, and shopping that the area has to offer. All four units have been updated. There is a new roof, electrical, A/C units, plumbing and all was permitted and done by licensed contractors. In addition to the four residences, there is a separate shared laundry room and back yard common area where the tenants can share time together grilling and enjoying the relaxed lifestyle of Madeira Beach. All four units have separate water and electric meters. Another plus is there are no HOA fees. Rents are currently below market, but there is so much upward cash flow potential with this property. Live in one and rent the other three or just rent all four and enjoy the return on your investment. A great location and investment.

Last Agent to Sell the Property

Keith Slater

COASTAL HOME ADVISORS RE License #3192396 Listed on: 09/23/2021

Last Buyer's Agent

Glenda Wolfe

DALTON WADE INC License #3280855

DALTON WADE INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,943

Year Built

  • Built in 1948

Lot Details

  • 10,520 Sq Ft Lot
  • Lot Dimensions are 145x73

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,992 Sq Ft Home
  • Ceiling Fan
  • Awning
  • Shade Shutters
  • Family Room Off Kitchen

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, water
  • Legal Lot and Block 1 / W
  • Assessor Parcel Number 10-31-15-34452-231-0010

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Gulf Shores 6Th Add Rep Subdivision
  • Rental Restrictions

Building Details

  • Gross Income $44,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,943

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1992
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1948
  • Lot Size Sq Ft: 10520
  • Tenant Pays: Electricity, Sewer, Water
  • Directions to Property: East on 140th Av from Gulf Blvd, then North on S Bayshore Dr, then Left on B Street. Property will be on your right.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8137673?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8137673?w=Customer
  • Unit Count: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 414.11
  • Close to Original List Price Ratio: 0.97058
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Window Treatments
  • Foundation Details: Slab
  • Window Features: Shade Shutter(s)
  • Street Number Modifier: 100
  • Number Of Buildings: 1

Exterior Features

  • Other Structures: Other
  • Exterior Features: Awning(s)
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Lead Paint, Other, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Parcel Number: 10-31-15-34452-231-0010
  • Additional Parcels: No
  • Lot Dimensions: 145x73
  • Flood Zone Code: AE

Rental Info

  • Minimum Lease: 6 Months
  • Lease Restrictions Y N: Yes

Multi Family

  • Gross Income: 44400
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 6943.27
  • Tax Block: W
  • Tax Book Number: 25-22
  • Tax Lot: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $824,900 0.0% $414 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/08/2021 10/08/21 Price Changed $824,900 -2.9% $414 / Sq Ft
09/22/2021 09/22/21 For Sale $849,900 -- $427 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8137673

Stellar MLS