Description
Amazing 6-unit multifamily property in the heart of Madeira Beach. Incredible opportunity for a 1031 exchange. Situated on a double lot with endless possibilities for adding amenities, boat parking, a pool, fire pit, beach volleyball court, amenities, and so much more. One lot consists of 6 separately metered studios and the other lot is vacant land. This is the crown jewel of any multifamily portfolio with lots of ways to add on to this already stunning property. Incredible potential to add value and generate more income since two units are currently not being rented. Owner financing is also an option. Ability to take out the water toys on the intercostal as well as mere steps away from the sugar sand Madeira Beach and Johns Pass Village. Call today and dont miss out on this amazing investment! Potential to bring in over $200,000/year. Current price is based on cash offers or offers willing to put 50% down and assume current owner financing instrument. For a new seller financing instrument the price is $1,500,000 with a minimum of 20% down. Please inquire for all seller financing options and financials.
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6BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
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1,890SQFT
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$661$/SQFT
School Ratings & Info
Description
Amazing 6-unit multifamily property in the heart of Madeira Beach. Incredible opportunity for a 1031 exchange. Situated on a double lot with endless possibilities for adding amenities, boat parking, a pool, fire pit, beach volleyball court, amenities, and so much more. One lot consists of 6 separately metered studios and the other lot is vacant land. This is the crown jewel of any multifamily portfolio with lots of ways to add on to this already stunning property. Incredible potential to add value and generate more income since two units are currently not being rented. Owner financing is also an option. Ability to take out the water toys on the intercostal as well as mere steps away from the sugar sand Madeira Beach and Johns Pass Village. Call today and dont miss out on this amazing investment! Potential to bring in over $200,000/year. Current price is based on cash offers or offers willing to put 50% down and assume current owner financing instrument. For a new seller financing instrument the price is $1,500,000 with a minimum of 20% down. Please inquire for all seller financing options and financials.
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