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$589,000   Price Analysis
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569 W Base St
Madison, FL 32340
6 bed None bath 21,116 SqFt ($27/SqFt)
0.34 acre lot. Built 1960
Listed 2023-11-10, Taxes $4,170		✓ USDA Eligible
near Madison, FL
 Restrictions may apply
due to home size

Amazing investment opportunity!

This property ha s been designed for 23 rental units, 10 storage units, plus a laundry room. First Floor- one studio apartment, four 1bdrm apartmnts, three 2bdrm apartments, two 3bdrm apartments, ten storage units, office and laundry room. Second Floor - one studio apartment, five 1bdrm apartments, four 2bdrm apartments and three 3bdrm apartments.

The sellers have also secured a lease on the south side of the building for 46 parking spaces that will convey with the property. The potential is there. It's up to the lucky new owners to finish the job. All construction materials in the building will remain with the sale.





Property MLS #365524 from Tallahassee

Bedrooms: 6

Lot Size Acres: 0.3405119
Lot Size Dimensions: 210x150x213.105
Lot Size Square Feet: 14833

Garage Description: Unassigned
Parking Features: Unassigned

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 23
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Unit-1 Description: 3/1s
Unit-2 Description: 2/1s
Unit-3 Description: 1/1s
Unit-4 Description: Studios

High School: Madison County High School
Middle School: Madison County

Madison County Central School is a public elementary and middle school located approximately 1.5 miles away.
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Madison County High School is a public high school located approximately 2 miles away.
directions icon Map directions

Latma Christian Academy is a private elementary school located approximately 0.7 miles away.
directions icon Map directions

Source Listing Status: Active
County: Madison
Directions: From Downtown Madison W on Base, Property on L see sign
Source Property Type: Residential
Area: Madison
Source Neighborhood: Madison
Parcel Number: 12079-00-00-00-3866-005-000
Property Subtype: MultiFamily
Lot Number: 7
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$43,918 + $140,695
$184,613		$4,170
2021$40,586 + $140,695
$181,281		$4,205
2020$40,661 + $134,029
$174,690		$4,084
2019$44,247 + $127,855
$172,102		$4,041
2018$51,834 + $127,855
$179,689		$4,273
2017$51,881 + $127,855
$179,736		$4,312
2016$51,928 + $127,855
$179,783		$4,374
2015$57,557 + $127,855
$185,412		$4,583
2014$unknown + $unknown
$185,460		$4,584
2013$unknown + $unknown
$185,507		$4,453
2012$unknown + $unknown
$185,554		$4,456
2011$unknown + $unknown
$189,506		$4,497
2010$unknown + $unknown
$198,563		$4,743
2009$unknown + $unknown
$262,235		$6,130
2008$unknown + $unknown
$278,188		$6,170
2007$unknown + $unknown
$283,816		$6,064

Relisted 2024-07-02
$589,000
Tallahassee
Listing removed 2024-06-22
$0
Tallahassee
Price Changed 2024-04-25
$589,000
Tallahassee
Relisted 2024-02-29
$625,000
Tallahassee
Listing removed 2024-02-24
$0
Tallahassee
Price Changed 2023-12-13
$625,000
Tallahassee
Listed 2023-11-10
$650,000
Tallahassee
Sold 2019-10-04
$140,000
Public Record
Listing removed 2012-01-01
$1,000,000
Sebring
Listed 2011-04-25
$1,000,000
Sebring
Sold 2003-01-13
$850,000
Public Record

Year Built: 1960
Building Area Source: Assessor
Building Area Total: 21116
Construction Materials: Block, Concrete
Property Age: 64
Architectural Style: TwoStory
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.