13368 1ST ST E Madeira Beach, FL 33708

Discover potential in this triplex nestled in Madeira Beach, Florida- oh so close to the beach and just 3 blocks to Johns Pass Village and Boardwalk. Despite recent flooding, this property offers a unique investment opportunity in a sought-after location. Ideal for savvy investors looking to renovate and capitalize on its prime coastal setting. Schedule your viewing today! Solid concrete construction provides for a firm foundation to renovate this stalwart property. Rental potential is amazing as there are few affordable rental properties on the beaches. A 3-month minimum rental period will still allow for seasonal rentals or capitalize on the annual rental potential. Two units are 1 bedroom & 1 bath, while the back unit is a 2 bedroom, 1 bath. Paved parking spaces for each unit, makes vehicle access easy. Just a block from the beach and very nearby John's Pass Village where you'll find so much to do: shopping, dining, tiki bars, boat rentals, fishing charters and more. After the storms the owners immediately had the interiors remediated and treated for moisture. The entire sewer system was recently jetted and re-lined for a worry free sewer system. Based on information received the building is able to be repaired in its current configuration (ie. doesn't need to be elevated). Roof is less than 10 years old. It is ready for your finishing touches.