NOT LISTED FOR SALE

144 147th Ave E Madeira Beach, FL 33708

-- Bed
2 Baths
998 Sq Ft
3,000 Sq Ft Lot

Last Sold June 30, 2022

Last sale price $425,000 $426 Per Sq Ft

1 Day on Market

Highlights

  • Open Floorplan
  • No HOA
  • Front Porch
  • Orange Grove Elementary School Rated A
  • Family Room Off Kitchen
  • Screened Patio

About This Home

As of June 2022

Incredible opportunity to own this charming Maderia Beach duplex located just steps to the water! Both units are currently tenant occupied and below market rate providing a perfect value add opportunity for the new buyer. The unit mix consists of two 1 bed, 1 bath units, both featuring, wonderful screened-in porches, small storage closets, and separate driveways for each unit. The property currently operates right around a 4% CAP rate, however, Increasing the rents to market rate put it at a 6.3% CAP rate. Perfect opportunity for an Investor looking for passive income in one of Florida's most desired and relaxed beach towns around! Also, the potential for an owner occupant to live in one unit and have the other tenant pay your mortgage once leases expire. Both leases are currently through Dec. 31st, 2022. Visit Crexi Link to view OM: https://www.crexi.com/properties/825769/florida-maderia-beach-duplex---63-cap. Don't delay & schedule your showing today!

Last Agent to Sell the Property

Tatum Peterson

MCBRIDE KELLY & ASSOCIATES License #3376440 Listed on: 05/17/2022

MCBRIDE KELLY & ASSOCIATES

Last Buyer's Agent

Nouhad Cheaib

CHARLES RUTENBERG REALTY INC License #3174426

CHARLES RUTENBERG REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,367

Year Built

  • Built in 1951

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 50.0x60.0
  • Fenced

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 998 Sq Ft Home
  • Open Floorplan
  • Family Room Off Kitchen
  • Tile Flooring
  • Range
  • Laundry closet

Outdoor Features

  • Screened Patio
  • Outdoor Storage
  • Front Porch

Schools

  • Orange Grove Elementary School
  • Seminole Middle School
  • Seminole High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 1,138 Sq Ft Building
  • Sunny Shores Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,367

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 998
  • Lot Size Acres: 0.07
  • New Construction: No
  • Year Built: 1951
  • Building Area Total: 1138
  • Lot Size Sq Ft: 3000
  • Status: Sold
  • Street Post Direction: E
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 105.72
  • Escrow City: Lutz
  • Escrow State: FL
  • Escrow Street Name: Van Dyke Rd
  • RATIO Current Price By Calculate: 425.85
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Interior Amenities: Kitchen/Family Room Combo, Open Floorplan, Other, Thermostat
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 92.72

Exterior Features

  • Exterior Features: Fence, Sidewalk, Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Porch, Screened
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Orange Grove Elementary-PN
  • High School: Seminole High-PN
  • Middle Or Junior School: Seminole Middle-PN

Lot Info

  • Parcel Number: 09-31-15-87048-000-0180
  • Additional Parcels: No
  • Lot Features: City Limits
  • Lot Dimensions: 50.0X60.0
  • Flood Zone Code: AE
  • Future Land Use: 08

Rental Info

  • Additional Lease Restrictions: Check with the City of Maderia Beach for all rental restrictions.

Multi Family

  • Number Of Units Total: 2
  • Approval Process: Check with the City of Maderia Beach for all rental restrictions.
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 3366.72
  • Tax Block: 000
  • Tax Book Number: 0024/0015
  • Tax Lot: 0180

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $425,000 +1.2% $426 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $420,000 -- $421 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,343 $245,000 $242,563 $2,437
2024 $5,811 $410,000 $313,939 $96,061
2023 $5,811 $360,000 $303,646 $56,354
2022 $3,815 $285,000 $237,766 $47,234
2021 $3,358 $212,200 $0 $0
2020 $3,183 $205,840 $0 $0
2019 $2,863 $177,739 $133,147 $44,592
2018 $2,582 $166,129 $0 $0
2017 $2,323 $141,131 $0 $0
2016 $2,116 $123,560 $0 $0
2015 $1,921 $105,442 $0 $0
2014 $1,830 $103,314 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tatum Peterson

    Seller's Agent in 2022

    Tatum Peterson

    MCBRIDE KELLY & ASSOCIATES

    (813) 528-1121

    1 in this area

    178 Total Sales

    Tatum Peterson
    Section Image
  • Nouhad Cheaib

    Buyer's Agent in 2022

    Nouhad Cheaib

    CHARLES RUTENBERG REALTY INC

    (727) 831-4218

    1 in this area

    22 Total Sales

    Nouhad Cheaib
    Section Image
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Map

Source: Stellar MLS

MLS Number: T3373553

Stellar MLS
Florida Pinellas County Madeira Beach 33708

144 147th Ave E, Madeira Beach, FL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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