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13207 3rd St E
Madeira Beach, FL 33708

Sixplex at the Beach · Multifamily Property For Sale · 6 Units

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Executive Summary

FLOODED FROM HELENE. BEST MULTIFAMILY DEAL ON THE MARKET!! HUGE DISCOUNT!!! 6-unit multifamily property in the heart of Madeira Beach. Incredible opportunity for a 1031 exchange. Situated on a DOUBLE lot with endless possibilities for adding amenities, boat parking, a pool, fire pit, beach volleyball court, amenities, and so much more. One lot consists of 6 separately metered studios and the other lot is vacant land. This is the crown jewel of any multifamily portfolio with lots of ways to add value to this already stunning property. Ability to take out the water toys on the intercostal as well as mere steps away from the sugar sand Madeira Beach and John’s Pass Village. Call today and don’t miss out on this amazing investment! Will generate income of around $144,000 per year as a seasonal rental or $126,000 per year as an annual rental. Also, lots of OWNER FINANCING/SUBJECT TO FINANCING OPTIONS.

PROPERTY FACTS

Price Per Unit	$189,617 CAD	Apartment Style	Garden
Sale Type	Investment	Building Class	C
Cap Rate	12%	Lot Size	0.19 AC
Sale Conditions	1031 Exchange Build to Suit Deferred Maintenance Redevelopment Project Building in Shell Condition	Building Size	2,000 SF
No. Units	6	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1958/2003
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	3/1,000 SF

Price Per Unit	$189,617 CAD
Sale Type	Investment
Cap Rate	12%
Sale Conditions	1031 Exchange Build to Suit Deferred Maintenance Redevelopment Project Building in Shell Condition
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	C
Lot Size	0.19 AC
Building Size	2,000 SF
No. Stories	1
Year Built/Renovated	1958/2003
Parking Ratio	3/1,000 SF

Unit Amenities

Air Conditioning
Microwave
Ceiling Fans

Kitchen
High Speed Internet Access
Refrigerator

Stainless Steel Appliances
Range
Garden

Lawn
Vinyl Flooring

Site Amenities

Furnished Units Available

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	6	$2,844 CAD	300

PROPERTY TAXES

Parcel Number	15-31-15-65304-010-0020	Improvements Assessment	$171,981 CAD
Land Assessment	$755,108 CAD	Total Assessment	$927,089 CAD

PROPERTY TAXES

Parcel Number

15-31-15-65304-010-0020

Land Assessment

$755,108 CAD

Improvements Assessment

$171,981 CAD

Total Assessment

$927,089 CAD

zoning

Zoning Code	RES (RES)
RES (RES)

Listing ID: 33719059
Date on Market: 2024-11-01
Last Updated:
Address: 13207 3rd St E, Madeira Beach, FL 33708

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