Price Reduction
Address
13330 3RD STREET E Madeira Beach, FL
Price
$ 750,000
Property Attributes
  • MLS#U8095672
  • TypePending
  • CountyPINELLAS
  • CityMadeira Beach
  • AreaSt Pete-Madeira Bch-N Redington Bch-Shores
  • NeighborhoodPages Rep Of Mitchells Beach
  • Zip33708
  • StyleMulti-Family
  • Year Built1972
  • Taxes7727
  • Price$ 750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3216
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
COLDWELL BANKER RESIDENTIAL
Data Source:
Stellar MLS
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.

Price History
8/26/2020 Listed $1,100,000
10/30/2020 15% - $937,500
1/20/2021 7% - $875,000
3/24/2021 15% - $750,000

General Features

Construction Materials Block, Concrete
Cooling Central Air, Wall/Window Unit(s)
Exterior Features Fenced, Sidewalk
Heating Central, Wall Units / Window Unit
MLS Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Property SubType Multi-Family
Property Type Residential Income
Roof Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Pending
Subdivision Name PAGES REP OF MITCHELLS BEACH
Total Num Buildings 3
Total Units 5
Township 31
Utilities Electricity Connected, Public, Sewer Connected, Water Connected
Year Built 1972

Interior Features

Living Area 3216.00

Exterior Features

Foundation Details Slab
Lot Dimensions 80x104
Lot Size Acres 0.19
Lot Size Square Feet 8124

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33708

Price
AVG $600K
$750K
Taxes
AVG $14,861
$7,727
Visits
AVG 273
470
Year Built
AVG 1983
1972
Walkscore
AVG 51
43
Data Provided by Walkscore ® not using MLS data