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1
Photo
20
beds
14
baths
9,564
sqft
Built in
2001
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
Features & Amenities
Interior
- General:
- None,Split Bedrooms
Exterior
- Style:
- Traditional
- Parking:
- Driveway,Parking Space(s)
Location
- Road/Access:
- Paved
- HOA Amenities:
- 0.0
- Originating MLS:
- TBRMLS
- County:
- Madison
Lot
- Zoning:
- 12079-17-1N-09-3571-002-001
- View:
- None
Financial
- Source:
- TBRMLS
This listing courtesy of:
Right Now! Real Estate
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Madison, FL
Housing
- Number of Units
- 4,513
- Median Home Value
- $100,273
- Median Rent
- $482
35.10% of housing units are renter occupied.
16.73% are vacant.
Commute
- Car
-
94.86%
- Public Transportation
-
0.08%
- Walk to Work
-
0.83%
- Work from Home
-
3.54%
- Other
-
0.59%
The median travel time to work is 27 minutes.
People
- Population
- 10,880
- Median Age
- 42.80
- Median Household Size
- 2.27
Education
- High School
-
41.08%
- Associate’s Degree
-
9.90%
- Bachelor’s Degree
-
8.07%
- Graduate Degree
-
5.47%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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