13119 4TH STREET E,MADEIRA BEACH,Pinellas,Residential Income

Descripción

Charming 4-Plex in Prime Madeira Beach Location

Welcome to this fantastic investment opportunity in the heart of Madeira Beach! This well-maintained 4-plex offers a blend of two cozy efficiencies and two spacious one-bedroom, one-bathroom units. Boasting an unbeatable location, this property is less than a mile from the vibrant John’s Pass and a mere half-mile from convenient public beach access.

Key Features:

Unit Composition: This 4-plex comprises two efficiently designed studios and two comfortable one-bedroom apartments.

Prime Location: Nestled in the heart of Madeira Beach, residents enjoy easy access to the bustling John’s Pass, renowned for its shopping, dining, and entertainment options. With public beach access just a short stroll away, sand and surf enthusiasts will delight in the convenience.

Occupancy Status: Currently, all units are 100% occupied, ensuring steady rental income. Leases are set to conclude in the spring of 2024, providing flexibility for potential adjustments.

Value Enhancement Opportunity: Rents are currently positioned at a competitive but conservative level, offering room for potential improvement. A savvy investor can optimize returns by adjusting rental rates in line with market trends.

Additional Amenities:

Dedicated parking spaces for each unit
Coin operated laundry
Landscaped grounds for a serene atmosphere

Investment Potential:

With its unbeatable location, solid occupancy rate, and the potential for increased rental income, this 4-plex presents an exceptional opportunity for both seasoned investors and those looking to enter the rental property market.

Don’t miss out on this chance to own a piece of Madeira Beach’s vibrant real estate landscape. Schedule a viewing today to explore the full potential of this investment property!