6 Unit income property in Madeira Beach. Yearly pro forma income as a apartment property is estimated as $77,700 -see attachments.
SEE FINANCIALS IN ATTACHMENTS. All 6 Units have been thoroughly re-conditioned and are fully furnished and have recently been tastefully updated with new flooring throughout, new kitchens, new appliances, stoves, refrigerators, sinks and faucets, cabinets and countertops, hot water heaters and air-conditioners. New bathroom tile, flooring, showers, sinks and plumbing fixtures. Both buildings are cement block with stucco and both have new roofs. The parking area was just paved with new asphalt (not painted - paved).
Expenses are
Tax-5,181 / Yr
Water- $200 /Mo
Insurance- $4500 per year. Get a Quote, Insurance will vary depending on coverage, the insured and what your lender (if have one) will request.
That's it for expenses, Please do not ask and look in the attachments for more detail.
Four of the units enjoy a tropically landscaped courtyard. This property lies one half block to the east of the City of Madeira Beach's public "beach access" which consist of a large parking lot with amenities and bathroom facilities and of course the ever popular Madeira Beach itself. This makes it very easy to walk straight to the beach itself from the property. The property's location also provides easy access to major area employer company headquarters, including the Home Shopping Network, Spectrum, Johns Hopkins Hospital and the University of South Florida. It is also conveniently located to the causeway, which provides easy entry and exit to and from other areas in the County & state. In total there are 2 Buildings on one lot - consisting of 3- 1 Bedrooms and 3 Efficiency Apts.
The two units located in the rear building are currently opened to each other making one 2 bed 2 bath. This could serve as the owners home or be split back into a 1/1 and a efficiency. ALL units are Fully Furnished. There are 6 parking spots.