REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,950,000
Est. payment /mo
12,275 SqFt
UPDATED:
09/20/2024 08:11 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,275 sqft
Price per Sqft $321
Subdivision Edgewater Estates
MLS Listing ID R4908050
HOA Y/N No
Originating Board Stellar MLS
Year Built 1948
Annual Tax Amount $39,139
Lot Size 2.050 Acres
Acres 2.05
Property Description
The Alcove at Madeira beach represents a rare investment opportunity in one of the most desired real estate markets in the country.
The property consists of 18 units across 9 individual duplex buildings spread over 2 acres with a pond, lush landscaping, and ability by right to add two more units via current zoning. The asset has been meticulously upgraded with stainless steel appliances, new roofs, bathrooms, and more. Offering a turn key, fully renovated, block property, with multiple clear strategies for continued value appreciation and rental growth.
Unit mix consists of five (5) two bedroom, one bath units, twelve (12) two bedroom, two bath units, and one (1) three bedroom, two bath unit. *Unit walkthrough videos & tours available upon request *
Offering memorandum, financials, rent rolls, and due diligence files are available upon request. Please email for best response.
The property consists of 18 units across 9 individual duplex buildings spread over 2 acres with a pond, lush landscaping, and ability by right to add two more units via current zoning. The asset has been meticulously upgraded with stainless steel appliances, new roofs, bathrooms, and more. Offering a turn key, fully renovated, block property, with multiple clear strategies for continued value appreciation and rental growth.
Unit mix consists of five (5) two bedroom, one bath units, twelve (12) two bedroom, two bath units, and one (1) three bedroom, two bath unit. *Unit walkthrough videos & tours available upon request *
Offering memorandum, financials, rent rolls, and due diligence files are available upon request. Please email for best response.
Location
State FL
County Pinellas
Community Edgewater Estates
Zoning RM-10
Interior
Cooling Central Air
Flooring Laminate
Exterior
Waterfront true
Waterfront Description Pond
View Y/N Yes
Building
Entry Level One
Foundation Block
Lot Size Range 2 to less than 5
Structure Type Block
New Construction false
Others
Ownership Corporation
Special Listing Condition None
Read Less Info
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by SEACREST ADVISORS LLC