1960 US 90

Madison, FL 32340

$450,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

FL10 CAP w/ Huge Upside! Three manufactured triplex'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...FL10 CAP w/ Huge Upside! Three manufactured triplex'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 appliances. 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!
  1. Listed by Henry Mahan • Charles Rutenberg Realty Fort

Property Details for 1960 US 90

Subdivision
MADISON COMPLEX
Style
Triplex
Waterfront
Yes
Waterfront Description
Other Waterfront
Area
5940 Florida Other
Geographic Area
Other Geographic Area (Out Of Area Only)
Auction
No
Total Units
12
LISTING UPDATED: 12/05/2024 12:30 PM

Property Details for 1960 US 90

StatusActive
MLS #A11620181
Days on Market161
Taxes$4,841 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Triplex
Year Built2001
Lot Size-
CountyMadison County

Building Information for 1960 US 90

Stories-Residences12Year Built2001Building Size-Lot Size-

Property Information for 1960 US 90

Location Information
Location Information
  • Parcel Number Free Text: 17-1N-09-3571-002-001
  • Parcel Number MLX: 171N
  • MLS Area: 5940 Florida Other
  • Subdivision Complex Bldg: MADISON COMPLEX
  • Unit Count: 1
  • Zoning Information: MULTI-FAM <10 (0800)
General Information
Parking
  • Num Parking Spaces: 25
General Information
  • Property Type Information: Attached, Detached
  • Approximate Lot Size: 5.1+ Acres
  • Lot Description: 5 To Less Than 10 Acre Lot
  • Waterfront Frontage: 50
  • Water Access: None, Other
  • Pool: No
  • Construction: Frame Construction, Manufactured/Mobile Home
  • Construction Type: Frame Construction, Manufactured/Mobile Home
  • Roof Description: Shingle Roof
  • Flooring: Carpeted Floors, Vinyl Floors, Wood Floors
  • Floor Description: Carpeted Floors, Vinyl Floors, Wood Floors
Additional Property Information
Utilities
  • Heating Description: Electric Heat, Other
  • Cooling Description: Other, Wall/Window Unit Cooling
  • Sewer Description: Septic Tank
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Electric, Sewer, Water
Financial Information
Financial Information
  • Type of Association: None
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Homestead Exemption
  • Information Available: Existing Survey

Property History for 1960 US 90

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1960 US 90

This home is within Madison.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - PK to 8
Public - 6 to 12
Rating
School
Distance
Madison County Central School
PublicPK to 8

Madison County High School
Public9 to 12

Madison Creative Arts Academy Inc
CharterPK to 8

Madison County Excel Alternative School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1960 US 90 is a multi-family home for sale in Madison, FL 32340. This property was listed for sale on July 8, 2024 by Charles Rutenberg Realty Fort, it's currently listed at $450,000. This listing's school district is Madison. Nearby schools include Madison County Central School, Madison County High School and Madison Creative Arts Academy Inc. 1960 US 90 is a 0-bed, 0-bath, multi-family home built in 2001.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Charles Rutenberg Realty Fort

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