520 129th Avenue E

Madeira Beach, FL 33708

Experience a year-round vacation lifestyle with this waterfront tri-plex, located at the end of a quiet cul-de-sac street. This income-generating property is 100% occupied, ensuring immediate revenue. Nestled just moments away by boat from the Intracoastal waterway and the captivating Gulf of Mexico, you'll have easy access to endless aquatic adventures from your very own deep water dock. Conveniently positioned within a short stroll of the renowned John's Pass, famous for its vibrant array of shops and delightful eateries, this tri-plex offers an enviable location. Each unit is thoughtfully designed to face the water, allowing you to relish breathtaking views. With central heating and air conditioning in every unit, comfort is guaranteed, and 2 stall carport with storage and 2 off-street parking spaces. With three electric meters in place, the owner covers the water expenses. For added convenience, the two downstairs units (1/1 and 2/1) share a laundry, while the upstairs 3 bedroom, 2 bath unit boasts its own private laundry. All units are currently on month-to-month leases. The dock, equipped with water and electric connections, can comfortably accommodate up to three boats, including two large vessels and one small craft. Presently, the dock generates $575 in rent for two slips. Notably, this location experiences high demand during the season, presenting an excellent opportunity for potential seasonal rentals, which command considerably higher rates. Currently, the units are leased annually, but the owner confirms the potential for increased rental income through seasonal arrangements (3 month minimum). Don't miss out on seizing all the advantages this remarkable property has to offer. Embrace a year-round vacation lifestyle, maximize your investment potential, and indulge in the captivating allure of waterfront living.

Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH



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Data last updated at: 2023-09-21 07:05 PM EDT