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$575,000

Prime Coastal Redevelopment Opportunity – 7-Unit Multifamily Rare opportunity in the heart of Madeira Beach just ½ block to public beach access. This 100’ x 93’ lot (approx.) offers excellent frontage and redevelopment potential in a highly desirable coastal market. The existing 7-unit multifamily property sustained hurricane and flood damage and is being sold as-is for land value. The current structures require complete renovation or redevelopment. Historically operated as long-term rental apartments, this site is ideally suited for rebuilding a new income-producing multifamily property (buyer to verify zoning, density, and building requirements). Located just minutes from John's Pass Village & Boardwalk, with convenient access to dining, shopping, and Gulf waters, the property benefits from strong and consistent demand for long-term coastal rentals. Highlights: 100’ frontage x 93’ depth (approx.) ½ block to public beach access Zoned/used as 7-unit multifamily Storm-damaged – redevelopment required Sold as-is for land value Long-term rental use (no short-term rental representation) High-demand beachside location Ideal for investor, builder, or developer A rare chance to secure a multifamily redevelopment site in one of Pinellas County’s most sought-after beach communities.

Madeira Shores Sub SubDv. ⋅ 33708 Zip Code

107 145th Avenue E, Madeira Beach

$555,000

Welcome to the heart of Madeira Beach, where coastal lifestyle meets income potential with this fully updated, turnkey block construction TRIPLEX designed with investors in mind. Whether you’re looking to expand your portfolio, house-hack by living in one unit while generating income from the others, or securing a high-demand rental property near the Gulf, this opportunity checks all the boxes. From a numbers standpoint, major capital improvements have been made providing peace of mind for years to come. All work permitted and done right. Updates include three brand new HVAC systems, three new water heaters, three newer electric panels, a new multi-dimensional GAF roof in 11/2022, updated plumbing, and Missile D-rated low emissivity impact windows and openings throughout. All units feature raised GFCI-protected outlets, adding an extra layer of safety and compliance. All new flooring, cabinetry, bathrooms and kitchens. Fresh interior and exterior paint throughout. This is the kind of property where you can step in and start generating income without worrying about immediate big-ticket expenses. Each of the three units offers a 1-bedroom, 1-bathroom layout, all thoughtfully renovated with brand new tile flooring, modern soft-close cabinetry, and quartz countertops that appeal to today’s renters. Clean, consistent finishes across all units make management simple while maximizing rental appeal and value. Two units are identical in size and layout with the third unit toward the back being the larger of the three. Community Washer and Dryer on site with new hot water heater and hookups. Location is where this property truly shines. Positioned just across the street from the public beach access and powder sands of Mad Beach and a short distance from the energy of John’s Pass Village & Boardwalk, you’re in one of the most sought-after beach communities on Florida’s Gulf Coast. Tucked just off Gulf Boulevard, the setting offers that ideal balance of accessibility and privacy. Tenants and guests can stroll across the street to the beach, enjoy waterfront dining, explore boutique shopping, and take advantage of boating and premium inshore/offshore fishing all at your fingertips. Mad Beach Roc Park and the splash pad are absolute gems and offer abundant recreational activities. This is a location that consistently attracts seasonal renters and long-term tenants year-round. Madeira Beach continues to see strong rental demand thanks to its laid-back coastal lifestyle, walkability, and close proximity to both St. Petersburg and Clearwater, making it an ideal destination for a wide range of renters. Opportunities like this don’t come around often, now is your chance to invest in one of Florida’s most desirable beachside communities.

3 Beds ⋅ 3 Baths ⋅ Madeira Shores Sub SubDv. ⋅ 33708 Zip Code

80 144th Avenue, Madeira Beach

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