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449 129th Ave E
Madeira Beach, FL 33708
Vista del Mar · Multifamily Property For Sale
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16 Units
Investment Highlights
- All HVAC units are under eight years old including 12 new elevated condensing units and three new air handlers
- $66,000 in revenue from four units which can remain occupied while completing renovations on 12 down units
- Comps in the immediate area are renting for $500-800 more than subject highlighting rental upside for the next owner
- Recent remediation efforts included the removal of wall and ceiling drywall in select units, with debris fully cleared in all down units
- Over 60% of the windows have been upgraded to hurricane impact glass with multiple units having hurricane French doors and sliders
- In 2024, Pinellas County welcomed approximately 15.4 million visitors, generating $6.8 billion in direct visitor spending (VisitSt.PeteClearwater.com)
Property Facts
| No. Units | 16 | Lot Size | 0.55 AC |
| Property Type | Multifamily | Building Size | 12,240 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1968 |
| Zoning | R2 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 12,240 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Zoning | R2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 660 |
| 2+2 | 4 | - | 1,080 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $520,194 | |
| Land Assessment | $1,699,806 | Total Assessment | $2,220,000 |
Property Taxes
Parcel Numbers
Land Assessment
$1,699,806
Improvements Assessment
$520,194
Total Assessment
$2,220,000
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