NOT LISTED FOR SALE

Madeira Beach, FL 33708

-- Bed
-- Bath
2,756 Sq Ft
4,160 Sq Ft Lot

Last Sold September 05, 2018

Last sale price $445,000 $161 Per Sq Ft

41 Days on Market

Highlights

  • Intracoastal View
  • Balcony
  • Central Heating and Cooling System
  • No HOA
  • 2 Car Attached Garage
  • 2-minute walk to Redington Shores Beach Access

About This Home

As of September 2018

Superbly located 4 unit investment opportunity with significant value-add / mark-to market rent execution. Property is conveniently located in Madeira Beach. Located less than 1 mile from the popular John's Pass Village and Boardwalk, just a 5 minute walk to beach. In place cap rate of 5.1%,with a potential cap rate of 6.4%. 2 BR units have central A/C, newer roof, landscaped - this is a great property in a quiet part of Madeira Beach.Upstairs units are 2/1 with wood and tile flooring, new kitchens with granite counter tops and private elevators. All units have been updated and are 100% occupied. The 2 ground floor pre-existing units are 1BR, 1BA of approximately 500 sq ft each. Assigned off-street parking for residents and street parking for their guests. Property is just a short drive from restaurants, attractions and all the beach has to offer. Non-Disclosure Agreement required to receive detailed property information.

Last Agent to Sell the Property

Marc Pfleger

JAY ALAN REAL ESTATE License #3304260 Listed on: 07/07/2018

Last Buyer's Agent

Milad Aram Bonyar

IMPERIAL ESTATES REALTY INC License #3090739

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,841

Year Built

  • Built in 1972

Lot Details

  • 4,160 Sq Ft Lot
  • Lot Dimensions are 40x104
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Quadruplex
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 2,756 Sq Ft Home
  • Intracoastal Views

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3,456 Sq Ft Building
  • Rep Subdivision

Building Details

  • Gross Income $47,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,841

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2756
  • Lot Size Acres: 0.1
  • New Construction: No
  • Year Built: 1972
  • Building Area Total: 3456
  • Lot Size Sq Ft: 4160
  • Status: Sold
  • Street Post Direction: E
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=U8010021&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=U8010021&cview=true&show_results=true&customer_portal=true
  • Unit Count: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Subdivision Num: 65304
  • Ratio: Close Price\List Price: 0.89018
  • Price per Sq Ft: 161.47
  • Close to Original List Price Ratio: 0.78084
  • Ratio: Current Price\Building Area Total: 128.76
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Balcony, Fenced
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Water View: Intracoastal Waterway
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No
  • Senior Community: No
  • Deposits Y N: Yes

Lot Info

  • Zoning: R
  • Parcel Number: 11111111
  • Additional Parcels: No
  • Lot Dimensions: 40x104
  • Millage Rate: 17.43
  • Flood Zone Code: A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Gross Income: 47220
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4841
  • Tax Block: 0
  • Tax Book Number: 0

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
09/05/2018 09/05/18 Sold $445,000 -11.0% $161 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
08/03/2018 08/03/18 Price Changed $499,900 -5.7% $181 / Sq Ft
08/01/2018 08/01/18 Price Changed $529,900 -7.0% $192 / Sq Ft
07/04/2018 07/04/18 For Sale $569,900 -- $207 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marc Pfleger

    Seller's Agent in 2018

    Marc Pfleger

    JAY ALAN REAL ESTATE

    (727) 262-5998

    6 Total Sales

    Marc Pfleger
    Section Image

  • M

    Buyer's Agent in 2018

    Milad Aram Bonyar

    IMPERIAL ESTATES REALTY INC

    (727) 797-1000

    108 Total Sales

    Milad Aram Bonyar
    Section Image
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Source: Stellar MLS

MLS Number: U8010021

Stellar MLS
Florida Pinellas County Madeira Beach

33708

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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