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Madeira Beach,FL 33708
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,572 sqft
Price per Sqft $276
Subdivision Mitchells Beach Rev
MLS Listing ID TB8355846
Bedrooms 2
Construction Status Fixer
HOA Y/N No
Originating Board Stellar MLS
Year Built 1959
Annual Tax Amount $5,931
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 41x104
Property Sub-Type Triplex
Property Description
Prime Investment Opportunity in Madeira Beach! Savvy investors, take note! This triplex, three Income-Producing Units, totaling 1,572 SqFt of Heated Living Space, 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. With alley access, six (6) off-street parking spaces, and individually metered utilities, 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 walk/bike from John's Pass—Pinellas County's #1 tourist destination—this is a prime rental investment opportunity. This incredible investment property at 13388 1st St E, Madeira Beach, FL, presents quite a unique opportunity—especially when coupled with the property next door to the south at 13378 1st St E. Imagine the potential of renovating and renting out three to five units awhile retaining and living in this highly sought-after beachside location, maximizing your rental income in one of the most desirable vacation destinations on the Gulf Coast! This is a Must-See Investment: Steps from the Beach – Prime location just minutes from the sand & surf. Rental Income Potential – Ideal for monthly or long-term rentals. Renovation Ready – Customize both properties to maximize value. High Demand Area – Madeira Beach is a hotspot for vacationers & renters. Walkable Location – John's Pass Village & Boardwalk in Madeira Beach is a premier waterfront destination offering boating adventures, dolphin tours, deep-sea fishing, and watersports. Enjoy fresh seafood, waterfront dining, unique boutiques, and live entertainment, making it a lively hub for both locals and tourists. Owning a home/rental property near John's Pass means embracing a true Florida lifestyle with endless recreation, stunning Gulf views steps away, and incredible investment potential! With the right vision, this investment could generate exceptional returns—whether you're looking to flip, hold, or create an unbeatable beach rental portfolio. Opportunities like this don't last long—secure your piece of paradise today! Contact us for details on purchasing one or both properties and unlocking their full income potential!
Location
State FL
County Pinellas
Community Mitchells Beach Rev
Direction E
Interior
Interior Features Ninguno
Heating None,Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile,Terrazzo
Furnishings Unfurnished
Fireplace false
Laundry Electric Dryer Hookup,Laundry Room,Washer Hookup
Exterior
Exterior Feature Other,Outdoor Shower
Parking Features Common,Guest,Off Street
Utilities Available BB/HS Internet Available,Cable Available,Electricity Available,Public,Sewer Available,Street Lights,Water - Multiple Meters
Roof Type Shingle
Porch Front Porch,Screened
Garage false
Private Pool No
Building
Lot Description Landscaped,Paved
Entry Level One
Foundation Concrete Perimeter,Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Fixer
Schools
Elementary Schools Orange Grove Elementary-Pn
Middle Schools Seminole Middle-Pn
High Schools Seminole High-Pn
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,FHA,Owner Financing
Listing Terms Cash,FHA,Owner Financing
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8355846