Multi-Family Investment

Multi-Family for Sale
Catylist Listing ID: 30000394
Property Subtypes: Low-Rise/Garden
Number of Units: 11 Units
Building Size (RSF): 7,440 SF
Gross Building Area: See Agent
Sale Price: $1,349,000
Unit Price: $122,636.36 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 7/17/2017

Overview / Comments

Multi-Family Apartment building located, 1 block off Gulf Blvd., just a few blocks from the Gulf of Mexico. Includes 10 one-bedroom / 1 bath and 1 two-bedroom / 1 bath units. Great opportunity for increased value as rental rates continue to rise with each lease renewal. There has been a 20% increase in rental rates within the last 3 months alone. Units have been completely remodeled on the interior to include granite counter tops, wood cabinets, stainless steel appliances and tile flooring. Real Estate in Madeira Beach has appreciated 13.44% in the last 12 months exceeding appreciation rates for other beaches close by.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 093115608580001030
Property Located Between: Property is located north of Gulf Blvd., on west side of 148th Ave
Property Condition: Good
Year Built: 1949
Zoning Description: R-2-City of Madeira Beach

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,901 43,130 159,684
Median Age: 53.71 54.39 49.77
Households: 2,621 22,056 74,232

Contact

Photograph of Listing Agent

Monique Petronje

KLEIN & HEUCHAN, INC FGCAR CIE Member

Source

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