MADEIRA BEACH WATERFRONT INCOME WITH A POTENTIAL 7.5 percent CAP RATE. Double Lot, Deep sailboat water frontage and seawall, (2) 8 x 25 Docks with electric, (4) Large deep water slips with additional large vessel tie pilings, (4) Oversized 14 x 30 garages, (2) move in ready 2 bedroom 1 bath apartments with new central heat & AC, full appliance packages and luxury vinyl flooring. Truly an Investor / Boaters Dream, INCOME and personal use! High and dry block construction, located one block from the sandy beaches of the Gulf and un obstructed sailing in only minutes to the wide open water of the Gulf of Mexico. Walk to the Famous Johns Pass with an array of restaurants, specialty shops, entertainment, charters, boat tours and watersport rentals. Banking, supermarkets, pharmacy, medical and the Regional Mall are only minutes away. This property is conveniently located only a few blocks from a major east west corridor linking you to major Interstates, Greater Tampa Bay and International airport travel. A meticulously maintained property with newer mechanicals, roof in 2018, new hurricane rated garage doors w/ openers, irrigation system, public utilities and located in a quiet setting away from the hustle & bustle. Make your appointment today to tour this exceptional offering before its GONE!