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listing
1 of 27
Commercial
$3,700,000
14231 N Bayshore Drive
Madeira Beach, FL 33708
Listed by: Century 21 Jim White & Assoc, (727) 458-4955
MLS: Stellar MLS
7,500Sq Ft
Est. Mortgage
$19,199/mo

14231 and 14257 N. Bayshore Drive, Madeira Beach…12 apartment units (two buildings on 4 lots) situated on 160’ of wide open waterfront (facing east with spectacular sunrises) and just 1 block to the Gulf of Mexico!!! Variety of units (14231) One- 2/1 bath, four 1bd/1 bath, and two large studios, (14257) three 1 bd/1 bath, one 2 bd/1 bath (townhome) and 1 studio. There are 2 docks which can accommodate 4 boats (possible expansion to 8) and a swimming pool as well. Lot sizes total 18,000 sq.ft. mol and buildings approx.. 7,600 sq. ft.. all constructed in 1952 and 1957. 16 parking spaces…Rent generated for yearly occupants in 2021 equated to $113,450.00 Airbnb revenue for same period of time (3 units) $110,910.00. Projected Airbnb for 2022 $147,889.00 and owner considering adding a 4th Airbnb. All tenants month to month. DISCLAIMER: THIS PROPERTY IS BEING OFFERED SOLELY AND EXCLUSIVELY IN IT'S AS IS CONDITION AND AS A RE-DEVELOPMENT SITE AND WILL NOT BE SOLD BASED UPON INCOME AND EXPENSE HISTORY.

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