Madeira Beach, FL 33708,13330 3RD ST E
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Madeira Beach, FL 33708,13330 3RD ST E
Madeira Beach, FL 33708,13330 3RD ST E
Madeira Beach, FL 33708,13330 3RD ST E
Madeira Beach, FL 33708,13330 3RD ST E

$675,000

Est. payment /mo

$750,000

10.0%
Est.Price: ?

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13330 3RD ST E Madeira Beach, FL 33708

3,216 SqFt

SOLD DATE : 05/27/2021

Key Details

Sold Price $675,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,216 sqft

Price per Sqft $209

Subdivision Pages Rep Of Mitchells Beach

MLS Listing ID U8095672

Sold Date 05/27/21

Construction Status No Contingency

HOA Y/N No

Year Built 1972

Annual Tax Amount $7,727

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 80x104

Property Description

This offering presents a UNIQUE and RARELY available Madeira Beach investment real estate property operational as a stable, turnkey, incoming-producing asset with minimal expectation of extensive near-term capex, and exceptional land-bank potential for future development of a Luxury Beach Estate. The MB Apartments are comprised of three structures, a Beach Cottage and two Duplexes, consisting of five total units (three one-bedroom, and two two-bedrooms), each with a full bath, kitchen, and living room. Residents sign annual leases, have a history of on-time payment, and are responsible for electric utilities per separate meters. Owner pays water/sewer/trash. Current rents average $817 (one-bedroom), and $1,350 (two-bedrooms). HVAC are a combination of central and thru-wall / window systems. Each residence has been well-maintained. Features include expansive living area, tile, laminate, and carpet flooring. Many kitchen and bathroom upgrades have been completed. Common amenities include on-site laundry, ample off-street paved parking, and a private patio courtyard. Positioned on an expansive parcel (.2 +/- acre lot of 80 x 104), the Property has historically been 100% occupied, and is projected to operate with total expenses equal to roughly 51% of EGI. Located in a quiet, secluded residential enclave between Gulf Boulevard and the Intracoastal, the Property is ideally situated three blocks to public beach access at 133rd and 134th Avenues, and one block to a public park on the Intracoastal. Roughly equidistant between Clearwater and St Petersburg, MB is a highly desired community due to its quaint coastal ambiance, and predominance of single-family homes. Largely serving year-round residences, MB has relatively fewer tourist hotels and condos. Local John’s Pass Village is known regionally as a major nightlife and shopping hotspot making it very popular among residents, and tourists alike. MB’s near three-mile sugary-sand beaches attract devotees of sun, and the Gulf’s turquoise-emerald seas. The popularity of fishing is punctuated by MB’s annual October Seafood Festival drawing up to 130,000 for celebration of food, music, arts, and crafts.

Location

State FL

County Pinellas

Community Pages Rep Of Mitchells Beach

Direction E

Interior

Heating Central, Wall Units / Window Unit

Cooling Central Air, Wall/Window Unit(s)

Fireplace false

Exterior

Exterior Feature Fence, Sidewalk

Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Construction Status No Contingency

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

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Stellar MLS
Listed by COLDWELL BANKER RESIDENTIAL
Bought with REALTY ONE GROUP ADVANTAGE

Joy Pratt-Martin

Agent | License ID: 3415251

+1(386) 631-1299

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