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144 147TH AVENUE E

Multi-family Recently Sold
$425,000

BTC: 14.16666667

ETH: 212.50000000

Sold on: 2022-06-30
2 days
0 room(s)
998 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Incredible opportunity to own this charming Maderia Beach duplex located just steps to the water! Both units are currently tenant occupied and below market rate providing a perfect value add opportunity for the new buyer. The unit mix consists of two 1 bed, 1 bath units, both featuring, wonderful screened-in porches, small storage closets, and separate driveways for each unit. The property currently operates right around a 4% CAP rate, however, Increasing the rents to market rate put it at a 6.3% CAP rate. Perfect opportunity for an Investor looking for passive income in one of Florida's most desired and relaxed beach towns around! Also, the potential for an owner occupant to live in one unit and have the other tenant pay your mortgage once leases expire. Both leases are currently through Dec. 31st, 2022. Visit Crexi Link to view OM: https://www.crexi.com/properties/825769/florida-maderia-beach-duplex---63-cap. Don't delay & schedule your showing today!

Location

Florida • MADEIRA BEACH • 33708 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
None
Year Built:
1951
Lot:
0.07 Acres
Heating:
Central
Price/sqft:
$421
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Kitchen/Family Room Combo

    • Open Floorplan

    • Other

    • Thermostat

  • Parking

    • None

    Property

    • Exterior Features: Fenced / Sidewalk / Storage

    Lot

    • Lot: 0.07 Acres

    Other Property Information

    • Parcel Number: 093115870480000180

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Cable Connected

    • Electricity Available

    • Electricity Connected

    • Street Lights

  • Other financial information

    • Annual tax amount: $3,367

  • Source details

    • MLS ID: T3373553

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Closet

    • Lot Features: City Lot

    • Patio And Porch Features: Front Porch / Porch / Screened

    • Living Area: 998

    • Water Source: Public

    • Lot Size Dimensions: 50.0 x 60.0

    • Subdivision Name: SUNNY SHORES

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MCBRIDE KELLY & ASSOCIATES