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117 140TH AVENUE E

Multi-family Recently Sold
$1,215,000

BTC: 15.71798189

ETH: 496.12086566

Sold on: 2021-09-02
55 days
Waterfront
0 room(s)
2,806 sqft

Overview

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.

Location

Details

Type:
Residential Income
Parking:
Driveway / Parking Pad
Year Built:
1971
Lot:
0.12 Acres
Heating:
Electric
Price/sqft:
$454
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,275,000
$829K – $2.1M
Confidence Low
List vs. estimate
At estimate
List $1,275,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$454
+1.1% vs. city median $449
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,495
2020
View
Water
Waterfront
Intracoastal Waterway
All facts and features
  • Flooring

    • Carpet

    • Laminate

    • Terrazzo

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Convection Oven

    • Cooktop

    • Disposal

    • Dryer

    • Electric Water Heater

    • Exhaust Fan

    • Freezer

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    Other interior features

    • Eating Space In Kitchen

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Solid Wood Cabinets

    • Thermostat

    • Window Treatments

  • Parking

    • Driveway

    • Parking Pad

    Property

    • Levels: Two

    • Exterior Features: Balcony / Lighting / Rain Gutters / Sidewalk / Sliding Doors / Storage

    Lot

    • Lot: 0.12 Acres

    Other Property Information

    • Parcel Number: 103115343620140030

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Available

    • Phone Available

    • Sewer Connected

    • Street Lights

    • Telephone Nearby

    • Underground Utilities

    • Water Connected

  • Other financial information

    • Annual tax amount: $10,495

  • Source details

    • MLS ID: U8120397

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Lot Features: Flood Insurance Required / FloodZone / Near Golf Course / Near Marina / Near Public Transit

    • Patio And Porch Features: Rear Porch

    • Waterfront: Yes

    • Water Body Name: BOCA CIEGA BAY

    • Living Area: 2806

    • Water Source: Public

    • Subdivision Name: GULF SHORES 3RD ADD REP

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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 ©2026-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: KELLER WILLIAMS GULF BEACHES