Commercial property in Madeira Beach, Florida 3 bedrooms, 118.82 sq.m. № 1733555

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Commercial property in Madeira Beach, Florida 3 bedrooms, 118.82 sq.m. № 1733555
ID1733555 $ 649 900
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
1733555

Property description

Completely renovated and fully occupied triplex with three 1 bed, 1 bath units! Just a few blocks to John's Pass, 3 blocks to the beach, 2 blocks to two intercoastal pocket parks. So this is one of the most desirable areas of Madeira Beach. New Stainless Steel appliances and instant-on hot water heaters in each unit. Beautiful quartz countertops in the kitchen along with 42" tall solid wood cabinets. Tile for easy cleaning and maintenance. 30 year roof is 5 years old. The renovation used FEMA approved flood resistant materials such as DensGlass which is a replacement for drywall and closed cell insulation instead of traditional fiberglass insulation. These materials are considered mold resistant with DensGlass having a rating of 10 under the ASTM D3273 test method. The front two units have a open living, dining, kitchen area along with a little office/dining /flex space in the entry and one bedroom and full bath for each. The back unit has a huge open area for the living/dining area with multiple large windows allowing in tons of natural light along with one bedroom, a bath and double closet for the main bedroom.
There are laundry hookups in the backyard where there is a little storage unit containing the washer and dryer for tenant use. 6 foot privacy fence on the back and side of the property. 6.9% current cap rate with no rehab to do and Proforma Cap is 8.66%. 24 hour notice required for showings to respect the tenants.
MLS #: W7875642
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CityMadeira Beach
Address13228 3RD STREET E
TypeCommercial property
Bedrooms3
Living space118.82 m²
  • sq. ft
Completion dateIV quarter, 1947
Price
  • Price
  • per m²
$ 649 900
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
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