You can get it for 50 cents on the dollar

Pin It

I never thought I would see anything like this.

If you are looking for a small investment property here in Pinellas county,

you have to check this out.

One bed room one bath condo right on Gulf Blvd in Madeira beach.

Asking price is $ 99,900.

It is a small complex with only 20 units, has a nice swimming pool and is walking distance to John's Pass, restaurants, shopping and of course it is less than 1 minute walking distance to the white sandy beach of Madeira.

About two years ago these units sold for $178,000 and $195,000.

This was before the complex underwent extensive remodeling and got a whole new look and central heat and air.

Can you believe this?

You have to see the unit, this is a fantastic value.

Come spend your vacation here and rent it out the rest of the time.

Use it as a weekend retreat or strictly as an investment property.

This unit has great potential, I talked to some owners,

they had $ 10,000,  $15,000 or more in rental income for one year.

Do the numbers, this one works out.

Of all the comparable properties here on our St. Petersburg beaches,

this is by far the best value.

Don't think too long,

buy yourself a wonderful little place on the beaches of Pinellas county.

 

 

Leave a reply