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13388 1ST STREET E, Madeira Beach, FL, 33708 | $435,000
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!
Features
- Bedrooms: 2
- Units: 3
- Lot Size: 41 x 104
- Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
- Year Built: 1959
- Garage: Common, Guest, Off Street
- Heating: None, Wall Units / Window Unit
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 1,572
- Acreage: 0.09
- Lot Size: 41 x 104
- Est. Taxes: $5,932
- Lot Desc: Landscaped
- Elem. School: Orange Grove Elementary-PN
- Middle School: Seminole Middle-PN
- High School: Seminole High-PN
- Pet Policy: Yes
- Lease Terms: 12 Months
- MLS#: TB8355846
- Days on Market: 2 days
- Website: https://www.raveis.com
/prop/TB8355846/133881ststreete_madeirabeach_fl?source=qrflyer
Listing courtesy of BARKETT REALTY Phone: 727-388-9500
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
13388 1ST STREET E, Madeira Beach, FL, 33708
$435,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $348,000 | $348,000 | $348,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
| Monthly Tax Payment | $494 | $494 | $494 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,003 | $2,228 | $2,890 |
| Total Monthly Payment | $2,572 | $2,797 | $3,459 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388