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Madeira Beach,FL 33708
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,213 sqft
Price per Sqft $436
Subdivision Mitchells Beach Rev
MLS Listing ID TB8384120
Bedrooms 3
Full Baths 2
HOA Y/N No
Originating Board Stellar MLS
Year Built 1938
Annual Tax Amount $5,927
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40x104
Property Sub-Type Single Family Residence
Property Description
This Madeira Beach property features two licensed short-term rental units, just a 5-minute walk from the beach and close to John's Pass, offering easy access to dining, shopping, and entertainment. The 1-bedroom, 1-bath and 2-bedroom, 1-bath cottages are ready for finishing touches. Owner has already completed mold remediation and electrical. With a proven history of generating $80,000 in Gross Operating Income (GOI) and an average Net Operating Income (NOI) of $67,000, this property delivers strong income potential. The 5.0-star ratings and glowing reviews from past guests on Airbnb and Vrbo transfer to the new owner, ensuring continued success. Onsite parking adds convenience, and the current owner will share their established rental base, allowing the property to be ready to operate before the next season. This property offers a cap rate of approximately 12.6% for cash buyers and is an excellent opportunity to invest in a high-demand vacation rental market.
Location
State FL
County Pinellas
Community Mitchells Beach Rev
Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Direction E
Interior
Interior Features Ninguno
Heating None,Ductless
Cooling Ductless,Wall/Window Unit(s)
Flooring Other
Fireplace false
Appliance None
Laundry Electric Dryer Hookup,Outside,Washer Hookup
Exterior
Exterior Feature Other
Fence Fenced
Utilities Available BB/HS Internet Available,Cable Available,Electricity Available,Electricity Connected,Phone Available,Public,Sewer Available,Sewer Connected,Water Available,Water Connected
Roof Type Other
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None