Turn-Key Madeira Beach Quadplex Makes The Perfect STR/MTR

Quick Summary

Purchase Price
$1,299,000
Capitalization Rate
5.1%
Cash on Cash Return
0.6%
Total Return on Investment
16.3%

129 143rd Avenue East, Madeira Beach, FL 33708

5 beds
4 baths
1,827 sqft
  • Listing Agent suggests that $152,000 annual gross rental income is possible for this property, I think $109,848 is average based on the comps above.
  • The success of a STR is dependent on several factors. Minimum lease period is 90 days.
  • Explore an exceptional income-generating opportunity with this fully renovated 4-unit property.
  • Every aspect of this property has been meticulously and lovingly updated.
  • The extensive renovation includes a new roof, updated plumbing, electrical, hurricane impact doors and windows, HVAC, tankless water heaters, updated kitchens, baths, flooring, interior/exterior paint, vinyl fencing, and more – all while preserving some of the original vintage charm that defines this unique investment.
  • Inside, each unit features beautiful kitchens adorned with quartz counters, new appliances, and tile plank flooring throughout.
  • Practical amenities include a fenced yard, dedicated off-street parking, an outdoor shower, and newly laid pavers.
  • Charming accents like custom columns, mailboxes, and a picturesque Kapok tree contribute to the property’s character.
  • Strategically positioned just 600 feet from the sugar sands of Madeira Beach, the location is unbeatable.
  • Tenants can easily stroll to nearby restaurants, shops, and the lively John’s Pass Village.
  • The property is being offered fully furnished and turnkey, providing a hassle-free addition to any portfolio.
  • Seize this turnkey investment and capitalize on its incredible rental potential.
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