Caribbean Apartments is an 11-unit multifamily property ideally located in the heart of Madeira Beach, FL, just a short walk from the beautiful Madeira Beach and under 15 minutes from the renowned St. Pete Beach. The property offers a mix of spacious 1- and 2-bedroom units, with the option to convert a 2-bedroom unit into two 1-bedroom units, totaling 12 units. While the property did experience flooding on all first-floor units due to the impact of Hurricane Helene, remediation efforts have been successfully completed. All affected units have been approved for rebuilding, providing an opportunity for a full renovation that will bring the units back online, ensuring a modern, upgraded living experience. The building’s roof was replaced in 2024 and comes with a warranty, further enhancing the property’s value. However, to fully restore the property to its pre-storm condition, some repairs remain, including the installation of new electrical systems, A/C units, and rebuilding the first floor. This property is ideally located near key attractions, including Johns Pass (Pinellas County’s top tourist destination), retail conveniences like Winn Dixie, CVS, and Publix, and is just minutes away from future developments like the Skyway Marina District. With its proximity to major employers, shopping, and some of the area’s best beaches, Caribbean Apartments offers a prime investment opportunity in a thriving, rapidly developing community.