FOR SALE5.14 ACRES
1960 W US Highway 90
Madison, FL 32340
20 Beds
14 Baths
9,564 sqft (on 5.14 acres)
- 20 Beds
- 14 Baths
- 9,564 sqft (on 5.14 acres)
20 Beds
14 Baths
9,564 sqft
(on 5.14 acres)
Local Information
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Description
Calling all INVESTORS!!! These two turnkey INCOME-PRODUCING properties are just what you've been looking for to add to your portfolio! 1960 US 90 on 5 acres is home to THREE 2001 MFHs (3 units ea. = 9) and 1 large 1995 DSF LARGE ex-daycare building with 1 unit currently; however, this building can easily be split to have 3 units (has 3 bathrooms). 127 Meeting St. has a 1940 2-story home, with a first floor unit and a second floor unit. All together, there are 12 rented units with a total of 20 bedrooms (don't forget the potential of 2 additional units and more bedrooms) and 14 bathrooms. Some units have central heating and air and most have window units. While the seller does not have written agreements with tenants, with practically 100% occupancy rate, ALL units stay leased. When a unit becomes available, the seller is contacted immediately by potential tenants, and this is due to word of mouth. Tenants provide all their own appliances, greatly reducing seller's repair and maintenance costs. Seller/landlord has kept rental rates reasonable, which may contribute to lower maintenance costs. After operating expenses, seller nets about $4,450 per month. (Estimate of monthly expenses: $795 ins., $225 garbage, $30 well power, $100 yard maintenance, $500 CONSERVATIVE maintenance repair expenses, $500 taxes, for an approx. total of $2150. Monthly rental income is currently $6,600 with a potential to be $7,900 with 2 additional units. SELLER DOES NOT WISH TENANTS TO KNOW HE IS SELLING! Therefore, showings require an appointment, and this will be after you are under contract, have provided POF, and made a substantial deposit. Buyer chooses and pays for title. All information provided by seller.
Home Highlights
Parking
No Info
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
$52
Listed
47 days ago
Home Details for 1960 W US Highway 90
Interior Features |
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Interior Details Number of Rooms: 20Types of Rooms: Bedroom |
Beds & Baths Number of Bedrooms: 20Number of Bathrooms: 14Number of Bathrooms (full): 14 |
Dimensions and Layout Living Area: 9564 Square Feet |
Appliances & Utilities Utilities: Septic Available, Water Available |
Heating & Cooling Has CoolingAir Conditioning: Central Air,Electric,Window Unit(s) |
Exterior Features |
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Parking & Garage No Garage |
Frontage Road Frontage: HighwayNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
Days on Market |
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Days on Market: 47 |
Property Information |
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Year Built Year Built: 2001 |
Property Type / Style Property Type: ResidentialProperty Subtype: Multi Family |
Property Information Parcel Number: 171N093571002001 |
Price & Status |
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Price List Price: $499,000Price Per Sqft: $52 |
Status Change & Dates Off Market Date: Sun Jul 07 2024 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: MadisonCommunity: [no Recorded Subdiv] |
School Information Elementary School: OtherJr High / Middle School: OtherHigh School: Other |
Agent Information |
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Listing Agent Listing ID: 754118 |
HOA |
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Association for this Listing: Central Panhandle Association of REALTORSNo HOA |
Lot Information |
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Lot Area: 5.14 Acres |
Listing Info |
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Special Conditions: Listed As-Is |
Offer |
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Listing Terms: Cash, Conventional |
Compensation |
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Buyer Agency Commission: 3.5Buyer Agency Commission Type: %Sub Agency Commission: 100Sub Agency Commission Type: $Transaction Broker Commission: 3.5Transaction Broker Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Lease Term: Month To Month |
Miscellaneous |
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Mls Number: 754118Sub Agency Relationship Offered |
Last check for updates: about 12 hours ago
Listing courtesy of Kristi Basinger, (850) 849-7667
RIGHT NOW! Real Estate
Originating MLS: Central Panhandle Association of REALTORS
Source: CPAR, MLS#754118
Also Listed on TBR.
Price History for 1960 W US Highway 90
| Date | Price | Event | Source |
|---|---|---|---|
| 04/23/2024 | $499,000 | PriceChange | CPAR #754118 |
| 03/12/2024 | $660,000 | Listed For Sale | CPAR #754118 |
| 10/05/2018 | $150,000 | Sold | TBR #294628 |
| 02/29/2016 | $80,000 | Sold | TBR #262532 |
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Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $5,043 |
| Assessment | $305,144 |
Home facts updated by county records
Comparable Sales for 1960 W US Highway 90
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.67 | Multi-Family Home | $140,000 | 07/19/23 | 4 | - | 1,537 |
What Locals Say about Madison
- Reginald Conner
- Resident
- 1mo ago
"Safe place to raise kids and live. Great place to live and grow. Alot of community activity. High school team town."
- Flor_mariad
- Resident
- 4y ago
"Dog owners would like that most of our neighbors have a fenced backyard. Therefore Not having to worry If a dog gets hurt with another dog."
- Lucilla S.
- Resident
- 4y ago
"No one bothers you when you wAlk them in the neighborhood. Many areas to walk & socializing. Everyone is attention your dog gets out of your yard "
- Debra K.
- Resident
- 4y ago
"Country is a great place for dogs as most people are dog owners and we look after one another. The is also a lot of room to run and play."
- Jamesglass261
- Resident
- 5y ago
"I have lived here for 27 years love the people around here looking for a new home around here I love my church"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Kristi Basinger, RIGHT NOW! Real Estate
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1960 W US Highway 90, Madison, FL 32340 is a 20 bedroom, 14 bathroom, 9,564 sqft multi-family built in 2001. This property is currently available for sale and was listed by CPAR on Mar 12, 2024. The MLS # for this home is MLS# 754118.