13388 1ST STREET E, Madeira Beach, FL, 33708
2 beds
1959
1,572 sqft
Prime Investment Opportunity in Madeira Beach! Savvy investors, take note! This triplex, three Income-Producing Units, totaling 1,572 SqFt of Heated Living Space, 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. With alley access, six (6) off-street parking spaces, and individually metered utilities, 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 walk/bike from John’s Pass—Pinellas County’s #1 tourist destination—this is a prime rental investment opportunity. This incredible investment property at 13388 1st St E, Madeira Beach, FL, presents quite a unique opportunity—especially when coupled with the property next door to the south at 13378 1st St E. Imagine the potential of renovating and renting out three to five units awhile retaining and living in this highly sought-after beachside location, maximizing your rental income in one of the most desirable vacation destinations on the Gulf Coast! This is a Must-See Investment: Steps from the Beach – Prime location just minutes from the sand & surf. Rental Income Potential – Ideal for monthly or long-term rentals. Renovation Ready – Customize both properties to maximize value. High Demand Area – Madeira Beach is a hotspot for vacationers & renters. Walkable Location – John’s Pass Village & Boardwalk in Madeira Beach is a premier waterfront destination offering boating adventures, dolphin tours, deep-sea fishing, and watersports. Enjoy fresh seafood, waterfront dining, unique boutiques, and live entertainment, making it a lively hub for both locals and tourists. Owning a home/rental property near John’s Pass means embracing a true Florida lifestyle with endless recreation, stunning Gulf views steps away, and incredible investment potential! With the right vision, this investment could generate exceptional returns—whether you're looking to flip, hold, or create an unbeatable beach rental portfolio. Opportunities like this don’t last long—secure your piece of paradise today! Contact us for details on purchasing one or both properties and unlocking their full income potential!
Status:
Active
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Electric Dryer Hookup, Laundry Room, Washer Hookup
Units:
3
Subdivision:
MITCHELLS BEACH REV
Garage:
Common, Guest, Off Street
Heating:
None, Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Lot Size:
41 x 104
Acreage:
0.09
Est. Taxes:
$5,932
Construction
Block, Concrete, Stucco
Utilities
BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Available, Street Lights, Water - Multiple Meters
Lot Description:
Landscaped
Elementary School:
Orange Grove Elementary-PN
Middle School:
Seminole Middle-PN
High School:
Seminole High-PN
Days on Market:
2
Pet Policy:
Yes
Lease Term Type:
12 Months
Min Lease Term:
No Minimum
MLS #:
TB8355846
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of BARKETT REALTY Phone: 727-388-9500