This Madeira Beach property features two licensed short-term rental units, just a 5-minute walk from the beach and close to John's Pass, offering easy access to dining, shopping, and entertainment. The 1-bedroom, 1-bath and 2-bedroom, 1-bath cottages are ready for finishing touches. Owner has already completed mold remediation and electrical.… Read More With a proven history of generating $80,000 in Gross Operating Income (GOI) and an average Net Operating Income (NOI) of $67,000, this property delivers strong income potential. The 5.0-star ratings and glowing reviews from past guests on Airbnb and Vrbo transfer to the new owner, ensuring continued success. Onsite parking adds convenience, and the current owner will share their established rental base, allowing the property to be ready to operate before the next season. This property offers a cap rate of approximately 12.6% for cash buyers and is an excellent opportunity to invest in a high-demand vacation rental market. Read Less
Courtesy of EXP REALTY LLC 888-883-8509
Listing Snapshot
Days Online
2
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,213
Lot Size
0.09 Acres
Year Built
1938
MLS Number
TB8384120
Additional Details
Building
Living Area Meters: 112.69, Room Count: 3, Building Area Total: 1267, Building Area Units: Square Feet, Construction Materials: "Frame", Direction Faces: East, Levels: "One", Living Area: 1213, Stories Total: 1, Year Built: 1938
Lot
Lot Size Square Meters: 377, Total Acreage: 0 to less than 1/4, 0.09 acres, 4060 square feet, Dimensions: 40x104
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