1960 W US 90
Madison, FL, 32340 $ 499,000
Bedrooms20 Baths14.0 Sq 9,564 Monthly Estimate*
$ 3,486
for $499,000 with 20 bedrooms and 14 full baths. This 9,564 square foot home was built in 2001 on a lot size of 5.14.
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
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FeaturesGeneralInterior Features None SplitBedrooms
HOA 0.0
Architectural Style Traditional
Year Built 2001
View None
Property SubType Detached
County Madison
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Subdivision Name Madison
Garage Y/N N
Status Active
Directions Exit 251 N off I-10 to Madison FL. Google rest.
High School Madison County High School
City MADISON
Buyer Agent Compensation 3.5
Disclosures PotentialShortSale
View Y/N N
Senior Community Y/N N
MLS Area Madison
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name US 90
Listing Terms Cash
Elementary School Madison County Central School
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Madison County
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 7
Standard Status Active
Tax Lot ?
Property Sub Type Additional Detached SingleFamilyResidence
Buyer Agent Compensation Type Item1
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ExteriorParking Features Driveway ParkingSpaces
Spa N
Building Area Total 9564.0
Lot Dimensions 74x27x1
Lot Size Acres 5.14
Road Surface Type Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 14
Total Bedrooms 20
Electric On Property Y/N N
Total Baths 14
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* Excluded FeaturesList ByRight Now! Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,486
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Madison, FL
Average List Price $337,367
Percent of Sale Price 32%
About Madison, FL 3,273 Population
-6% Since 2002
$ 25,378 Median Income
37.59 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
3571042 Elementary School
419010 Middle School
Madison County High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/26/2024 | $499,000 | | Listed Price |