Thank you
River Basinger
Right Now! Real Estate
850-000-0000
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
Sell a home like this and save $29,441 Find Out How
Total beds : 20
Total Baths: 14
Full Baths: 14
None,SplitBedrooms
Year Built: 2001
Building Area Total: 9564
Private Pool : No
View : None
Lot Dimensions: 74x27x1
Lot Size Acres: 5.14
Subdivision: Madison
Source Property Type: Residential
Property SubType: Detached
Property Age: 23
Original List Price: $499000
Original List Price: $499000
Cash
Parcel Number: 12079-17-1N-09-3571-002-001
Tax Lot: ?
Tax Block: ?
Driveway,ParkingSpaces
Elementary School: Madison County Central School
Junior High School: Madison County
Senior High School: Madison County High School
Direction: Exit 251 N off I-10 to Madison, FL. Google rest.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
SE Bandit Street, Madison, FL,32340 | $69,900 | -- | -- | -- | 7.07 Acres |
NE Rocky Ford Road, Madison, FL,32340 | $512,400 | -- | -- | -- | 48.8 Acres |
3702 NE Rocky Ford Road, Madison, FL,32340 | $1,201,180 | -- | -- | -- | 126 Acres |
700 NE Reagan Road, Madison, FL,32340 | $249,900 | 3 | 2 | 972 | -- |
850 SW Moseley Hall Road, Madison, FL,32340 | $239,000 | 3 | 2 | 1,632 | -- |
542 NW Cr 253, Madison, FL,32340 | $349,900 | 3 | 2 | 2,283 | -- |
450 NE Horry Avenue, Madison, FL,32340 | $196,000 | 3 | 2 | 1,796 | -- |
328 NE Prairie Road, Madison, FL,32340 | $299,000 | 3 | 2 | 2,460 | -- |
115 SW Arnold Street, Madison, FL,32340 | $215,000 | 3 | 2 | 1,325 | -- |
171 NE Rootman Road, Madison, FL,32340 | $260,000 | 3 | 2 | 1,734 | -- |
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ByOwner last updated this listing 05/06/2024 @ 06:57
MLS: 371430
LISTED BY: River Basinger, Right Now! Real Estate
SOURCE: TBRMLS
Buyer Agency Compensation: 3.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.