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Sunset Beach Suites 14231 Gulf Blvd 10 Unit Apartment Building $4,909,176 CAD ($490,918 CAD/Unit) 8.67% Cap Rate Madeira Beach, FL 33708
Executive Summary
Recently upgraded, fully furnished short-term rental property offering immediate cash flow with minimal capital expenditure required. Situated in the heart of Madeira Beach along highly trafficked Gulf Blvd, providing direct proximity to beaches, tourism demand drivers, and year-round visitation. Comprised of 10 units including nine one-bedroom/one-bathroom and one two-bedroom/one-bathroom, catering to a wide range of short-term rental guests. Adjacent public beach parking lot included with the sale that generates consistent supplemental income, enhancing performance beyond nightly rentals. Located near John’s Pass Village & Boardwalk, a premier Gulf Coast attraction featuring 100+ shops, restaurants, bars, and water activities attracting significant daily foot traffic. Immediate access to waterfront dining, beach bars, dolphin cruises, fishing charters, and live entertainment venues that drive high occupancy and premium nightly rates. Limited supply of modern short-term rental product in a constrained barrier island market supports long-term appreciation and pricing power. Madeira Beach continues to experience continued growth with major projects including the New Marriott Tribute Portfolio hotel planned at John’s Pass and the luxury Beachmaker condo-hotel offering 161 units with resort-style amenities. Ongoing improvements in Madeira Beach further support tourism growth such as the John’s Pass dredging project which will improve marina access and boating traffic
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,909,176 CAD | Property Subtype | Apartment |
| Price Per Unit | $490,918 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 8.67% | Building Size | 5,800 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Price | $4,909,176 CAD |
| Price Per Unit | $490,918 CAD |
| Sale Type | Investment |
| Cap Rate | 8.67% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 5,800 SF |
| No. Stories | 2 |
| Year Built | 1969 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 560 |
| 2+1 | 1 | - | 760 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-31-15-34308-002-0040 | Improvements Assessment | $434,609 CAD (2025) |
| Land Assessment | $1,120,301 CAD (2025) | Total Assessment | $1,554,910 CAD (2025) |
Property Taxes
Parcel Number
09-31-15-34308-002-0040
Land Assessment
$1,120,301 CAD (2025)
Improvements Assessment
$434,609 CAD (2025)
Total Assessment
$1,554,910 CAD (2025)
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Sunset Beach Suites | 14231 Gulf Blvd
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