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Map
$912,054*
●
Multifamily -
Off Market
13330 3RD STREET E
MADEIRA BEACH, FL 33708
Studio
0 Bath
3216 Sqft
$675,000 - $825,000
Reference Base Price*
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
This offering presents a UNIQUE and RARELY available Madeira Beach
investment real estate property operational as a stable, turnkey,
incoming-producing asset with minimal expectation of extensive
near-term capex, and exceptional land-bank potential for future
development of a Luxury Beach Estate. The MB Apartments are
comprised of three structures, a Beach Cottage and two Duplexes,
consisting of five total units (three one-bedroom, and two
two-bedrooms), each with a full bath, kitchen, and living room.
Residents sign annual leases, have a history of on-time payment,
and are responsible for electric utilities per separate meters.
Owner pays water/sewer/trash. Current rents average $817
(one-bedroom), and $1,350 (two-bedrooms). HVAC are a combination of
central and thru-wall / window systems. Each residence has been
well-maintained. Features include expansive living area, tile,
laminate, and carpet flooring. Many kitchen and bathroom upgrades
have been completed. Common amenities include on-site laundry,
ample off-street paved parking, and a private patio courtyard.
Positioned on an expansive parcel (.2 +/- acre lot of 80 x 104),
the Property has historically been 100% occupied, and is projected
to operate with total expenses equal to roughly 51% of EGI. Located
in a quiet, secluded residential enclave between Gulf Boulevard and
the Intracoastal, the Property is ideally situated three blocks to
public beach access at 133rd and 134th Avenues, and one block to a
public park on the Intracoastal. Roughly equidistant between
Clearwater and St Petersburg, MB is a highly desired community due
to its quaint coastal ambiance, and predominance of single-family
homes. Largely serving year-round residences, MB has relatively
fewer tourist hotels and condos. Local John's Pass Village is known
regionally as a major nightlife and shopping hotspot making it very
popular among residents, and tourists alike. MB's near three-mile
sugary-sand beaches attract devotees of sun, and the Gulf's
turquoise-emerald seas. The popularity of fishing is punctuated by
MB's annual October Seafood Festival drawing up to 130,000 for
celebration of food, music, arts, and crafts.
The manager has listed the unit size as 3216 square feet.
The manager has listed the unit size as 3216 square feet.
Unit Size
3,216Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$233
Property Type
Multifamily
Property Taxes
$644
HOA Dues
-
Year Built
1972
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 8, 2022 | Sold | $1,000,000 | |
Sold | |||
May 27, 2021 | Sold | $675,000 | |
Sold | |||
Apr 1, 2021 | No longer available | - | |
No longer available | |||
Mar 25, 2021 | Price Decreased |
$750,000
↓ $125K
(14.3%)
|
|
Price Decreased | |||
Jan 21, 2021 | Price Decreased |
$875,000
↓ $63K
(6.7%)
|
|
Price Decreased |
Show More
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Multifamily
5
Beds
-
2,908 ft²
$309/ft²
$898,000
Jul 12, 2023
-
$721/mo
Active
Condo
1
Bed
1
Bath
865 ft²
$854/ft²
$739,000
Apr 12, 2023
-
$573/mo
In Contract
House
2
Beds
2
Baths
1,771 ft²
$452/ft²
$799,900
Apr 17, 2023
-
$238/mo
Active
House
3
Beds
3
Baths
1,579 ft²
$487/ft²
$769,000
Jul 21, 2023
-
$642/mo
Active
House
3
Beds
2
Baths
1,212 ft²
$598/ft²
$725,000
Aug 2, 2023
-
$670/mo
Active
House
3
Beds
2.5
Baths
1,428 ft²
$630/ft²
$900,000
Apr 1, 2023
-
$171/mo
Active
Condo
2
Beds
2
Baths
1,005 ft²
$726/ft²
$730,000
Feb 2, 2023
-
$692/mo
Active
Condo
2
Beds
2
Baths
1,005 ft²
$741/ft²
$745,000
Mar 15, 2023
-
$551/mo
Active
Condo
2
Beds
2
Baths
1,005 ft²
$696/ft²
$699,900
Dec 16, 2022
-
$521/mo
Active
Condo
2
Beds
1.5
Baths
940 ft²
$851/ft²
$799,997
Jun 8, 2023
-
$1,648/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/25/2020
|
|
Studio
|
-
|
3216 ft²
|
$1,100,000
Studio
-
3216 ft²
|
$675,000
-38.64%
05/27/2021
|
-
|
Patrick Whitney
COLDWELL BANKER RESIDENTIAL
|
Building Info
13330 3rd Street East
13330 3rd Street East, Saint Petersburg, FL 33708
- 1 Unit for Sale
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