13378 1ST ST E, MADEIRA BEACH, FL, 33708
$435,000
Residential Income
|
Bedrooms
2
|
Bathrooms
2
|
Living Area
1,572 Sqft
|
Lot Size
4,060 Sqft
|
SIGNIFICANT PRICE IMPROVEMENT! An exceptional income-producing opportunity just steps from the Gulf in beautiful Madeira Beach! This triplex, featuring two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, offers strong rental potential. While the property sustained damage from Hurricane Helene, it has been verified as not substantially damaged by the municipality. The Substantial Improvement package required to pull a build back permit has already been completed by a licensed General Contractor, submitted and approved with permit in hand, meaning it's fully ready for renovation and can start generating income for its new owner quickly. With alley access, six (6) off-street parking spaces, and individually metered utilities (water & electric), this property is well-positioned for a seamless rehab and rental setup. Located in very close proximity to the beach (safe, lit crossing less than a block away) and just minutes from John’s Pass—Pinellas County’s #1 tourist destination—this is a prime rental investment opportunity. Property Highlights Include: Triplex – Three Income-Producing Units, 1,572 SqFt of Heated Living Space, Prime Location Near the Gulf & John’s Pass, Substantial Improvement Package Completed – Ready for Renovation, Individually Metered for Electric, Internet & Water, Six Parking Spaces & Alley Access, No HOA. This property is a rare find for investors looking to secure a fix-and-hold or renovate and flip in a high-demand beachside market. Don’t miss out on this chance to own a prime income property in one of Florida’s most sought-after coastal locations! Contact us today for more details or to schedule a showing!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8344674 | Year Built: | 1959 | |
| Construction Materials: | Block, Concrete, Stucco | Cooling: | Wall/Window Unit(s) | |
| Country: | US | Exterior Features: | Other, Outdoor Shower | |
| Flooring: | Ceramic Tile, Terrazzo | Foundation Details: | Concrete Perimeter, Slab | |
| Furnished: | Unfurnished | Heating: | None, Wall Units / Window Unit | |
| Laundry Features: | Electric Dryer Hookup, Laundry Room, Washer Hookup | Lease Term: | Twelve Months | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, FHA | Lot Features: | Landscaped, Paved | |
| Parking Features: | Common, Guest, Off Street | Patio And Porch Features: | Front Porch, Screened | |
| Pets Allowed: | Yes | Possession: | Close Of Escrow | |
| Property Condition: | Fixer | Property Sub Type: | Triplex | |
| Property Type: | Residential Income | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Supra Lock Box, Appointment Only, Go Direct, Lock Box Electronic, See Remarks, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Sewer, Trash Collection, Water | |
| Utilities: | BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Available, Street Lights, Water - Multiple Meters | Water Source: | Public | |
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