UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,399 sqft
Price per Sqft $235
Subdivision North Madeira Shores
MLS Listing ID TB8438918
Bedrooms 3
Construction Status Fixer
HOA Y/N No
Year Built 1970
Annual Tax Amount $5,609
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 45x75
Property Sub-Type Duplex
Source Stellar MLS
Property Description
This solid concrete block duplex features two income-producing units — a 2-bedroom, 1-bath (805 sq. ft.) and a 1-bedroom, 1-bath (594 sq. ft.) — each with individually metered utilities and endless potential. With transferable flood insurance and FEMA appraisal confirming the property was not substantially damaged, this property is well positioned for a seamless rehab and rental setup. The 2/1 unit has the potential to bring in $2,400 a month and the 1/1 unit $2,000 a month for a total of $52,800 in annual gross income.
The property includes 4 off-street parking spaces, shared laundry (another possible revenue stream), and a location that can't be beat — one block from the beach, less than 0.2 miles to shops, convenience stores, and dining, and just 1.5 miles to John's Pass, offering waterfront dining, live entertainment, boutique shops, boating, dolphin tours, deep-sea fishing, and water-sports galore.
Whether you're looking to flip, hold, or expand your beach rental portfolio, this investment has the potential to generate exceptional returns and deliver the ultimate Florida lifestyle.
Opportunities like this don't last long — secure your piece of paradise today!
Location
State FL
County Pinellas
Community North Madeira Shores
Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Zoning R-2
Interior
Interior Features Ceiling Fans(s), Open Floorplan, Stone Counters, Walk-In Closet(s)
Heating Heat Pump
Cooling Mini-Split Unit(s), Wall/Window Unit(s)
Flooring Terrazzo
Furnishings Unfurnished
Fireplace false
Laundry Common Area
Exterior
Exterior Feature Courtyard, Fence, Private Mailbox, Rain Gutters
Parking Features Driveway
Utilities Available Electricity Connected, Fiber Optics, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Fixer
Schools
Elementary Schools Orange Grove Elementary-Pn
Middle Schools Seminole Middle-Pn
High Schools Seminole High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8438918
Learn More About LPT Realty