174 148th Ave E #2, Madeira Beach, FL 33708

Discover an exceptional investment opportunity just one block from the beach in Madeira Beach! This charming 2-bedroom, 1-bath multifamily property at 174 148th Ave E offers incredible potential. With a Zestimate® of $373,500 and an estimated refinance payment of $2,510/mo, this 800 sqft residence is a rare find in a market where the median home value is a staggering $650,000.

Property Highlights:

• Unbeatable Location: The primary value of this property is its proximity to the beach. You’re just a quick stroll away from the stunning sands of the Gulf of Mexico, making this an ideal property for a primary residence, a seasonal getaway, or a highly profitable short-term rental.
• Income-Producing Potential: As a multifamily property, this residence is designed for investment. A previous listing mentioned two units, with one currently leased, offering immediate rental income to a new owner. The separate electrical meters for each unit make managing utilities a breeze.
• Exceptional Value: Priced significantly below the area’s median home value, this property offers a highly accessible entry point into the coveted Madeira Beach real estate market. The price per square foot of approximately $467 is also a great value compared to the median price per square foot of $565 in the area.
• Solid Construction & Updates: Built in 1970 with solid block construction, the property has undergone major updates, including a new roof, new windows, and new electrical and lighting in the units. These updates provide peace of mind and help to reduce future maintenance costs.

This is more than just a home; it’s a savvy investment in a high-demand, high-value area. The potential for rental income and appreciation is immense due to the prime location. Don’t miss out on this rare chance to own a piece of paradise in Madeira Beach.

Contact us today to schedule your private tour!