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An exceptional income-producing opportunity just steps from the Gulf in beautiful Madeira Beach! This triplex, featuring two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, offers strong rental potential. While the property sustained damage from Hurricane Helene, it has been verified as not substantially damaged by the municipality. The Substantial Improvement package required to pull a build back permit has already been completed by a licensed General Contractor, meaning it's fully ready for renovation and can start generating income for its new owner quickly. With alley access, six (6) off-street parking spaces, and individually metered utilities (water & electric), this property is well-positioned for a seamless rehab and rental setup. Located in very close proximity to the beach (safe, lit crossing less than a block away) and just minutes from John’s Pass—Pinellas County’s #1 tourist destination—this is a prime rental investment opportunity. Property Highlights Include: Triplex – Three Income-Producing Units, 1,572 SqFt of Heated Living Space, Prime Location Near the Gulf & John’s Pass, Substantial Improvement Package Completed – Ready for Renovation, Individually Metered for Electric, Internet & Water, Six Parking Spaces & Alley Access, No HOA. This property is a rare find for investors looking to secure a fix-and-hold or renovate and flip in a high-demand beachside market. Don’t miss out on this chance to own a prime income property in one of Florida’s most sought-after coastal locations! Contact us today for more details or to schedule a showing!
Property Type
Residential Income
Bedrooms
2
Bathrooms
2
Square Feet
1,572
Garage Spaces
0
Days on Market
1
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Status
Active
Year Built
1959
Annual Tax
$7,354
City
MADEIRA BEACH
Zip Code
33708
Understand how walkable this neighborhood is and what transportation options are available. These scores help you evaluate the convenience and lifestyle of the area.
Walk Score data unavailable for this location.
Elementary
Orange Grove Elementary-PN
Middle
Seminole Middle-PN
High
Seminole High-PN
Based on 20% down ($94,000), 6.5% interest rate, 30-year fixed mortgage. Taxes from the most recent assessment on record. Insurance estimated at 0.5% of list price annually. All figures are estimates — actual costs will vary.
