Legal Duplex for
113 147TH E AVENUE Madeira Beach, FL 33708
For Sale
$387,000
Legal duplex offered for sale as-is and being sold at land value.
Property Size1,142 SF
Price / SF$338.88
Days on Market636
Property Features for 113 147TH E AVENUE
General Information
- Standard status
- Active
- Size
- 1,142 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1947
Listing Agency:
CENTURY 21 JIM WHITE & ASSOC
(727) 504-2487
Listed By:
Helle Hartley · License #3309240
(727) 504-2487
Source:
Exitrealty
Added: Oct 28, 2024
Changed: Jul 23
Last Checked: Jul 24 at 9:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 JIM WHITE & ASSOC
Investment Insights
Based on property information with market context.
This legal duplex is being sold as-is and positioned as a land-value offering. Public remarks indicate the home’s value prior to Hurricane was $660,000.
The property is located in Madeira Beach, with a stated about two-minute stroll to the beach and views described as endless sunsets.
Interested parties should review the property conditions and terms directly, as no further improvements or unit details were provided in the listing information.
The property is located in Madeira Beach, with a stated about two-minute stroll to the beach and views described as endless sunsets.
Interested parties should review the property conditions and terms directly, as no further improvements or unit details were provided in the listing information.
Key Highlights
- Legal duplex for sale as‑is and being sold at land value
- Built in 1947
- Located in the heart of Madeira Beach, with about a 2‑minute stroll to the beach
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $17.88 |
| − Vacancy | −$1.4k | −$1.21 |
| EGI | $19.0k | $16.67 |
| − OpEx | −$5.7k | −$5.00 |
| NOI | $13.3k | $11.67 |
1,142 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.4K
$166.6K – $222.2K
NOI $13,330 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$150.0K
$131.3K – $175.1K
NOI $10,503 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$297.0K
$259.9K – $346.6K
NOI $20,793 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal duplex offered for sale as-is and being sold at land value.
Where is this duplex located?
The property is located at 113 147TH E AVENUE Madeira Beach, FL.
What is the asking price?
The asking price for this property is $387,000.
What are key features of this property?
This property features: Legal duplex for sale as‑is and being sold at land value; Built in 1947; Located in the heart of Madeira Beach, with about a 2‑minute stroll to the beach
