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497 Normandy Rd
Madeira Beach, FL 33708
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Waterfront duplex positioned directly on the Intracoastal Waterway with a private boat slip.
- Attached one-car garage provides enclosed parking and additional storage space.
- Located in a neighborhood with no HOA, allowing greater ownership flexibility.
- Renovated with updated electrical, plumbing, kitchens, and bathrooms.
- In-unit washer and dryer are conveniently located within the attached garage.
Executive Summary
This stunning duplex sits on the intercoastal waters of Madeira Beach, complete with its own boat slip. This property features a brand-new roof and has been updated to code, including all permitted work, such as electrical, plumbing, and upgrades. It also includes new kitchens with appliances and updated bathrooms. The duplex offers a three-bedroom, two-bathroom unit on the first floor and a two-bedroom, one-bathroom unit on the second floor, complete with a balcony and gorgeous water views. It’s just a three-minute boat ride to John’s Pass, where you are then in the middle of the Gulf of America and walking distance to the most beautiful beaches in the USA and only 20 minutes from downtown St. Petersburg. The property can serve as an income property or a single-family home (five bedrooms, three bathrooms total). The buyer must honor the existing management company’s lease, which has a potential income of around $6,000.
Property Facts
| Price Per Unit | $445,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 2 | Building Size | 1,980 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low-Rise | Parking Ratio | 0.51/1,000 SF |
| Zoning | R-1 - Single-Family Residential | ||
| Price Per Unit | $445,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 1,980 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | R-1 - Single-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 15-31-15-43290-000-0010 | Improvements Assessment | $58,086 |
| Land Assessment | $541,914 | Total Assessment | $600,000 |
Property Taxes
Parcel Number
15-31-15-43290-000-0010
Land Assessment
$541,914
Improvements Assessment
$58,086
Total Assessment
$600,000
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