13326 1ST STREET E

Pinellas, MADEIRA BEACH

$ 529.900,00

Description

This Madeira Beach property features two licensed short-term rental units, just a 5-minute walk from the beach and close to John's Pass, offering easy access to dining, shopping, and entertainment. The 1-bedroom, 1-bath and 2-bedroom, 1-bath cottages are ready for finishing touches. Owner has already completed mold remediation and electrical. With a proven history of generating $80,000 in Gross Operating Income (GOI) and an average Net Operating Income (NOI) of $67,000, this property delivers strong income potential. The 5.0-star ratings and glowing reviews from past guests on Airbnb and Vrbo transfer to the new owner, ensuring continued success. Onsite parking adds convenience, and the current owner will share their established rental base, allowing the property to be ready to operate before the next season. This property offers a cap rate of approximately 12.6% for cash buyers and is an excellent opportunity to invest in a high-demand vacation rental market.

Information

Property Details

Property Code : TB8384120
Price : $ 529.900,00
Area : 1213 Sq Ft
Building Area : 1267 Sq Ft
Year of Construction : 1938
Property Category : Single Family Residence

Bedroom : 3
Bathroom : 2
Garage : Uninformed
Available on Market : 08/05/2025
Property Status : Residential Active
New Construction : No

More Information

Pets Allowed: No

Annual Tax: $ 5.927,45

Tax Year: 2024

Air Conditioning: Mini-Split Unit(s), Wall/Window Unit(s)

Heating: None, Wall Units / Window Unit

Public Utility Services: BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected