1960 w us 90, madison, FL 32340
Resale (MLS)
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
· This is not a list price. This is an estimate price for the property provided by FirstAmerican. Please note that this is only an estimate and should not be taken as fact or advice. When a list price becomes available we will publish it and along with changes to the contact information.Estimated Value: $362,496 · This is not a list price. This is the county tax assessor's estimated value for the property. When a list price becomes available we will publish it and along with changes to the contact information.Assessed Value: $271,455This listing is NOT a foreclosure. Calling all INVESTORS!!! These two turnkey INCOME-PRODUCING properties are just what you've been lookingfor 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 m...
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onth. (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 sellerThis MLS Resale home is a multi family property located in MADISON. It offers 221285 sq. ft. in size, beds and 12 baths. Review its detailed information and determine if this MADISON MLS Resale has the qualities you are looking for.
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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Property Info
Property ID867539819
MLS Number371430
Parcel Number17-1N-09-3571-002-001
CountyMADISON
Bathrooms12.0
Living Area (sqft)9,564
Price/sqft$52
Year Built01/01/1995
Property TypeMulti-family (5 or more units)
Lot Size221285 sq. ft.
Stories100
ConditionFair
Total Units4
Total Rooms14
Room ListBedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Dining Room, Family Room, Kitchen, Living Room
AppliancesNone
Heating4
CoolingCentral
Roof TypeGABLE OR HIP
Style5
Construction TypeFrame
Exterior WallsConcrete Block
Legal DescriptionBEG AT SE COR OF NE4 OF SW4 RUN E 709' S 511' W 436' TO POB THEN RUN S 995' W 226' N 974' E 225' TO POB OR 599 PG 325 OR 827 PG 285 OR 1189 PG 163 OR 1292 PG 8
Listing StatusActive
Property Brokerage:
Right Now! Real Estate
,
2066 Sunny Hills Blvd,
Chipley,
FL32428
Copyright © 2024 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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