13326 1ST STREET E

Price: $529,900

MLS Number: TB8384120

Single Family

13326 1ST, Madeira Beach, Florida 33708 USA

Beds: 3

Baths: 2

Living Area: 1,213

Total Square Feet: 1,267

Lot Square Feet: 4,060

HOA Fees:

Year Built: 1938

Community: MITCHELLS BEACH REV

Subdivision: MITCHELLS BEACH REV

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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.

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