509 129TH AVE E, MADEIRA BEACH, FL, 33708
$965,000
Residential Income
|
Living Area
2,082 Sqft
|
Lot Size
6,312 Sqft
|
Welcome to this Madeira Beach triplex, ideally situated just steps from John's Pass Village and Boardwalk. Located on a deep-water canal with stunning views and direct access to Boca Ciega Bay and the Gulf of Mexico, this property features a 14' x 20' composite dock and a 13,000 lb boat lift with electric. The triplex consists of three units: a one-bedroom, one-bathroom unit of approximately 450 square feet, another one-bedroom, one-bathroom unit of about 559 square feet, and a spacious two-bedroom, two-bathroom unit measuring roughly 1,114 square feet. The roof was replaced in 2015, and while the 1/1 units boast polished terrazzo flooring, the 2/2 unit features durable concrete flooring. Additional upgrades include some impact windows, new plumbing and waste lines in the 2/2 unit, and brand-new mini-split A/C and heating units in all units. Although the property did sustain flooding during recent hurricanes, it offers a blank slate for investors to
reimagine the interior design. The dock could be rented for an additional $500 per month. The seller has a no substantial damage letter from the City of Madeira Beach so the home can get an interior repair permit and does not need to be demolished per FEMA's 50% rule. Zoned R2 with a three-month minimum lease requirement, this triplex is within a couple of blocks of John's Pass Village and Boardwalk, where you can enjoy an array of restaurants, breweries, nightlife, and more.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8340387 | Year Built: | 1963 | |
| Appliances: | Microwave | Construction Materials: | Block | |
| Cooling: | Ductless | Country: | US | |
| Exterior Features: | Awning(s), Sidewalk | Flooring: | Concrete, Terrazzo | |
| Foundation Details: | Slab | Furnished: | Unfurnished | |
| Heating: | Other | Laundry Features: | Laundry Closet | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Property Sub Type: | Triplex | Property Type: | Residential Income | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Security Features: | Security System Owned | Sewer: | Public Sewer | |
| Showing Requirements: | ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Public | View: | Water | |
| Water Source: | Public | Waterfront Features: | Bay/Harbor, Gulf/Ocean to Bay | |
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