$700,000 Price Analysis    ♡   Madison, FL 32340 240 bed 168 bath unknown SqFt ($0/SqFt) Built 2001 Listed 2024-07-09, Taxes $4,622 | ✓ USDA Eligible near Madison, FL |
7.8+ CAP w/ Huge Upside Three manufactured trplex's and a CBS are on one acre of the property
Leaving 4+ acres available to add more rentable units. Zoned, as of right to build up to 1 home per acre, with no max size limits. Folio also includes 127 SW MEETING AVE., a 1552 sq/ft two story duplex on a 0.058 acre lot. Monthly Gross = $6, 737. Tenants pay utilities; Owner pays landscaping. No vacancies. Units are cash flowing and can be renovated to increase returns. 2700 sq/ft CBS building zoned as daycare daycare rented well below market rates can be converted into another triplex. Tenants supply ALL applia nces. Easy maintenance!
Huge Upside; Many opportunities to convert from cash flow to a CASH COW. Motivated; Make an offer, won't last long! DONT DISTURB TENANTS!
Presented by Henry Mahan at
Charles Rutenberg Realty Fort.
Property MLS #A11620181 from MiamiMLS
Full Bathrooms: 168
Heating Features: Electric
Heating: Yes
Calculated Total Monthly Association Fees: 0
Source Listing Status: Active
County: Other Florida County
Tax Year: 2023
Source Property Type: ResidentialIncome
MLS Area Minor: Other Geographic Area (Out Of Area Only)
Source Neighborhood: MADISON COMPLEX
Parcel Number: 17-1N-09-3571-002-001
Postal City: Other City - In The State Of Florida
Subdivision: MADISON COMPLEX
Zoning Description: MULTI-FAM <10 (0800)
Property Subtype: Triplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $252,253 + $19,202 $271,455 | $4,622 |
| 2021 | $254,072 + $13,513 $267,585 | $5,037 |
| 2020 | $239,926 + $12,801 $252,727 | $4,841 |
| 2019 | $242,000 + $12,801 $254,801 | $4,902 |
| 2018 | $244,072 + $12,801 $256,873 | $5,012 |
| 2017 | $288,722 + $12,801 $301,523 | $5,825 |
| 2016 | $291,094 + $12,801 $303,895 | $5,502 |
| 2015 | $286,232 + $13,868 $300,100 | $5,552 |
| 2014 | $unknown + $unknown $364,695 | $6,672 |
| 2013 | $unknown + $unknown $367,196 | $6,759 |
| 2012 | $unknown + $unknown $369,694 | $6,854 |
| 2011 | $unknown + $unknown $373,260 | $6,811 |
| 2010 | $unknown + $unknown $410,691 | $7,539 |
| 2009 | $unknown + $unknown $425,843 | $7,691 |
| 2008 | $unknown + $unknown $435,659 | $7,341 |
| 2007 | $unknown + $unknown $428,312 | $6,647 |
$700,000
MiamiMLS
Price Changed 2024-07-12
$750,000
MiamiMLS
Listing removed 2024-07-09
$0
Tallahassee
Listed 2024-07-09
$800,000
MiamiMLS
Listing removed 2024-07-08
$0
CPARMLS
Listed 2024-04-26
$499,000
Tallahassee
Price Changed 2024-04-23
$499,000
CPARMLS
Listed 2024-03-12
$660,000
CPARMLS
Listing removed 2023-11-20
$0
Tallahassee
Listed 2023-11-01
$399,000
Tallahassee
Sold 2018-10-30
$150,000
Public Record
Sold 2016-02-04
$80,000
Public Record
Sold 1999-02-01
$41,500
Public Record
Sold 1998-07-01
$33,000
Public Record
Construction Materials: Frame, Manufactured
Levels: One
Property Age: 23
Roof: Shingle
Levels or Stories: 1
House Style: Triplex
Year Built Details: Effective Year Built
CableAvailable
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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.