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$639,000

1506 N Madison Avenue Clearwater, FL 33755 Multi Unit - Multiple Active

  • 1506 N Madison Avenue , Clearwater, FL 33755 Main Photo

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Description

Investor opportunity in Clearwater! Rare four-unit multifamily property consisting of four 1-bedroom, 1-bath units at 1504-1510 N Madison Ave. The property offers strong income-producing and value-add potential and is located next to a neighborhood park with a playground, pavilion, picnic areas, and green space.The property needs a little TLC, allowing the next owner to make improvements, increase overall appeal, and potentially enhance future rental income. Conveniently located near Downtown Clearwater, shopping, dining, public transportation, major roadways, and Clearwater Beach.Ideal for a buy-and-hold investor, 1031 exchange buyer, or investor seeking a small multifamily property with upside potential. Please do not disturb the tenants.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.23 Acres
Roof Type: Shingle
Taxes: $5,947
Year Built: 1959

General Information

Bedrooms: 4
Sqft: 2,184
County: Pinellas
Subdivision: FAIRMONT
Listed By:
Jerome Thompson FUTURE HOME REALTY INC 813-855-4982

Amenities

Other
Other

Property Features

Annual Net Income: 20280.00
Community Features: Association Recreation - Lease
Days on Site: 1
Directions: From Gulf-to-Bay Blvd/SR 60, travel north on N Fort Harrison Ave. Turn right onto Palmetto Street, then left onto N Madison Ave. Continue north to 1504â??1510 N Madison Ave. The property is located beside the neighborhood park.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.23
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Combination Lock Box
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
$639,000
4beds
2,184sqft
New to the Market Active
BEDS4 BATHS SQUARE FEET2,184 MLS#TB8534856
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFAIRMONT

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1506 N Madison Avenue , Clearwater, FL 33755.

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Estimated Payment

$ 2,837.20 per month $2,155.24 Principal & Interest $495.58 Property Tax $186.38 Homeowner's Insurance

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