117 140TH AVENUE E Madeira Beach, FL
$ 1,275,000
Property Attributes
  • MLS#U8120397
  • TypePending
  • CountyPINELLAS
  • CityMadeira Beach
  • AreaSt Pete-Madeira Bch-N Redington Bch-Shores
  • NeighborhoodGulf Shores 3Rd Add Rep
  • Zip33708
  • StyleQuadruplex
  • Year Built1971
  • Taxes$ 10495
  • Price$ 1,275,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2806
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

Price History
4/23/2021 Listed $1,399,999
4/30/2021 4% - $1,345,000
5/25/2021 6% - $1,275,000

General Features

Additional Rooms Family Room
Appliances Convection Oven, Cooktop, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Range, Range Hood, Refrigerator, Washer
Construction Materials Block, Concrete
Cooling Central Air
Exterior Features Balcony, Lighting, Rain Gutters, Sidewalk, Sliding Doors, Storage
Flooring Carpet, Laminate, Terrazzo
Heating Electric
Interior Features Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Thermostat, Window Treatments
Levels Two
MLS Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Minimum Lease Period 3 Months
Patio/Porch Features Rear Porch
Property SubType Quadruplex
Property Type Residential Income
Roof Built-Up
Security Features Fire Alarm, Security System, Security System Owned
Sewer Public Sewer
Special Listing Conditions None
Status Pending
Subdivision Name GULF SHORES 3RD ADD REP
Terms Cash, Conventional
Total Num Buildings 1
Total Units 4
Township 31
Utilities BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Sewer Connected, Street Lights, Telephone Nearby, Underground Utilities, Water Connected
View Water
Water Access Type Intracoastal Waterway
Water Access Y/N Yes
Water Body Name BOCA CIEGA BAY
Waterfront Features Intracoastal Waterway
Year Built 1971

Interior Features

Laundry Features Inside
Living Area 2806.00
Unit Count 2

Exterior Features

Foundation Details Slab
Lot Features Flood Insurance Required, FloodZone, Near Golf Course, Near Marina, Near Public Transit
Lot Size Acres 0.12
Lot Size Square Feet 5271
Number of Lots 1
Parking Features Driveway, Parking Pad
Water Extras Dock - Wood, Fishing Pier, Minimum Wake Zone, Sailboat Water, Seawall - Concrete
Water Extras Yn Yes
Water Frontage Feet ICW 50
Water View Intracoastal Waterway
Water View Y/N Yes
Waterfront Feet Total 50
Waterfront Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 33708

AVG $720K
AVG $7,161
AVG 369
Year Built
AVG 1992

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.