13388 1ST STREET E,MADEIRA BEACH,Pinellas,Residential Income

$435,000
13388 1ST STREET E, MADEIRA BEACH, MITCHELLS BEACH REV
Active

Overview

  • Updated On:
  • March 24, 2025
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,572 ft2

Description

Prime Investment Opportunity in Madeira Beach! Savvy investors, take note! This triplex, three Income-Producing Units, totaling 1,572 SqFt of Heated Living Space, featuring two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, offers strong rental potential. While the property sustained damage from Hurricane Helene, it has been verified as not substantially damaged by the municipality. With alley access, six (6) off-street parking spaces, and individually metered utilities (water & electric), this property is well-positioned for a seamless rehab and rental setup. Located in very close proximity to the beach (safe, lit crossing less than a block away) and just minutes from John’s Pass—Pinellas County’s #1 tourist destination—this is a prime rental investment opportunity. This incredible investment property at 13388 1st St E, Madeira Beach, FL, presents quite a unique opportunity—especially when coupled with the property next door to the south at 13378 1st St E. Imagine the potential of renovating and renting out one or both homes in this highly sought-after beachside location, maximizing your rental income in one of the most desirable vacation destinations on the Gulf Coast! This is a Must-See Investment: Steps from the Beach – Prime location just minutes from the sand & surf. Rental Income Potential – Ideal for short-term or long-term rentals. Renovation Ready – Customize both properties to maximize value. High Demand Area – Madeira Beach is a hotspot for vacationers & renters. Walkable Location – John’s Pass Village & Boardwalk in Madeira Beach is a premier waterfront destination offering boating adventures, dolphin tours, deep-sea fishing, and watersports. Enjoy fresh seafood, waterfront dining, unique boutiques, and live entertainment, making it a lively hub for both locals and tourists. Owning a home near John’s Pass means embracing a true Florida lifestyle with endless recreation, stunning Gulf views, and incredible investment potential! With the right vision, this investment could generate exceptional returns—whether you’re looking to flip, hold, or create an unbeatable beachside rental portfolio. Opportunities like this don’t last long—secure your piece of paradise today! Contact us for details on purchasing one or both properties and unlocking their full income potential!

Address: 13388 1ST STREET E
State/County:
Zip: 33708
Country: US

Property Id: 1425432
Price: $435,000
Property Size: 1,572 ft2
Property Lot Size: 0 ft2
Bedrooms: 2
Bathrooms: 2
Building Area Total: 1699
Construction Materials: Block,Concrete,Stucco
Contract Status Change Date: 2025-03-23
Cooling: Wall/Window Unit(s)
Cumulative Days On Market: 1
Days On Market: 1
Directions: From I-275 S, take Exit 28 for FL-694 W/Gandy Blvd toward Seminole/Largo. Continue west on Park Blvd N for approximately 8.5 miles. Turn left onto Gulf Blvd and drive 1.8 miles. Turn right onto 137th Ave E, then take an immediate left onto 1st St E. The property 13388 1st St E will be on your right. For GPS navigation, enter 13388 1st St E, Madeira Beach, FL 33708 into your preferred mapping app.
ElementarySchool: Orange Grove Elementary-PN
Flooring: Ceramic Tile,Terrazzo
FoundationDetails: Concrete Perimeter,Slab
Furnished: Unfurnished
Heating: None,Wall Units / Window Unit
HighSchool: Seminole High-PN
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: Electric Dryer Hookup,Laundry Room,Washer Hookup
LeaseConsideredYN: 1
LeaseTerm: 12 Months
Levels: One
ListAOR: Pinellas Suncoast
ListAgentAOR: Pinellas Suncoast
ListAgentEmail: john@BarkettRealty.com
ListAgentFullName: John Barkett
ListAgentKey: 4a3000da83873c4304fd79a06ff35b16
ListAgentMlsId: 260037287
ListAgentPreferredPhone: 727-388-9500
ListOfficeKey: 7bfd1d1cad012d69a3f76568b17b9146
ListOfficeMlsId: 260032050
ListOfficeName: BARKETT REALTY
ListOfficePhone: 727-388-9500
ListingContractDate: 2025-03-20
ListingId: TB8355846
ListingKeyNumeric: 749078037
ListingTerms: Cash,FHA,Owner May Carry
LivingAreaSource: Public Records
LivingAreaUnits: Square Feet
LotFeatures: Landscaped
LotSizeArea: 4060
LotSizeDimensions: 41 x 104
LotSizeSquareFeet: 4060
LotSizeUnits: Square Feet
MLSAreaMajor: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
MiddleOrJuniorSchool: Seminole Middle-PN
MlsStatus: Active
ModificationTimestamp: 2025-03-24T10:47:26.020Z
NumberOfBuildings: 1
NumberOfUnitsTotal: 3
OnMarketDate: 2025-03-23
OriginalEntryTimestamp: 2025-03-23T19:34:30.317Z
OriginalListPrice: 435000
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
Ownership: Fee Simple
ParcelNumber: 153115583200110120
ParkingFeatures: Common,Guest,Off Street
PatioAndPorchFeatures: Front Porch,Screened
PetsAllowed: Yes
PhotosChangeTimestamp: 2025-03-23T19:37:12.113Z
PhotosCount: 15
PropertyCondition: Fixer
RoadFrontageType: Street Paved
RoadSurfaceType: Paved,Asphalt
Roof: Shingle
STELLAR_AdditionalLeaseRestrictions: As They Pertain to Local City and County Law. Buyer responsible to verify.
STELLAR_AlternateKeyFolioNum: 153115583200110120
STELLAR_AnnualExpenses: 23310
STELLAR_AnnualNetIncome: 43290
STELLAR_CalculatedListPriceByCalculatedSqFt: 276.72
STELLAR_CreateAutomaticVirtualTourYN: 1
STELLAR_CurrentPrice: 435000
STELLAR_DPRURL: https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8355846?w=Agent&skip_sso=true
STELLAR_DPRURL2: https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8355846?w=Customer
STELLAR_DPRYN: 1
STELLAR_EstAnnualMarketIncome: 66600
STELLAR_FloodZoneCode: AE
STELLAR_LeaseRestrictionsYN: 1
STELLAR_ListOfficeContactPreferred: 727-388-9500
STELLAR_ListOfficeHeadOfficeKeyNumeric: 201671472
STELLAR_ListSource: RETSUpdate
STELLAR_ListSourceOriginal: MATRIX
STELLAR_MinimumLease: No Minimum
STELLAR_MlsMajorChangeType: New Listing
STELLAR_OfficeIDXOfficeParticipationYN: 1
STELLAR_OfficeSyndicateTo: Apartments.com,International MLS,Realtor.com,Zillow Rental,SkySlope Offers
STELLAR_PetRestrictions: As They Pertain to Local City and County Law. Buyer responsible to verify.

Other Features
Has Cooling System
Has Heating System
Ninguno
Other
Outdoor Shower

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

$2,230.33
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 1,686.58

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