13228 3RD STREET E, MADEIRA BEACH, FL 33708

Completely renovated and fully occupied triplex with three 1 bed, 1 bath units!  Just a few blocks to John's Pass, 3 blocks to the beach, 2 blocks to two intercoastal pocket parks.  So this is one of the most desirable areas of Madeira Beach.  New Stainless Steel appliances and instant-on hot water heaters in each unit.  Beautiful quartz countertops in the kitchen along with 42" tall solid wood cabinets.  Tile for easy cleaning and maintenance.  30 year roof is 5 years old.  The renovation used FEMA approved flood resistant materials such as DensGlass which is a replacement for drywall and closed cell insulation instead of traditional fiberglass insulation.  These materials are considered mold resistant with DensGlass having a rating of 10 under the ASTM D3273 test method.  The front two units have a open living, dining, kitchen area along with a little office/dining /flex space in the entry and one bedroom and full bath for each.  The back unit has a huge open area for the living/dining area with multiple large windows allowing in tons of natural light along with one bedroom, a bath and double closet for the main bedroom.  There are laundry hookups in the backyard where there is a little storage unit containing the washer and dryer for tenant use.  6 foot privacy fence on the back and side of the property.  6.9% current cap rate with no rehab to do and Proforma Cap is 8.66%.  24 hour notice required for showings to respect the tenants.