Address: |
view address MADISON, FL 32340 Map Location |
Features: | Furnished, Multi-level, Pets |
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Bedrooms: | 3 | Bathrooms: | 3 (full: 2, half: 1) |
Square Feet: | 2,302 sq.ft. | Lot Size: | 16248.0 |
Year Built: | 1940 | Property Type: | Single Family Residence |
Neighborhood: | LAKESIDE HEIGHTS SUB | County: | Madison |
List Date: | 2024-03-04 | Listing Number: | OM674099 |
Listed By: | H & H REALTY AND ASSOCIATES | Listing Office: | 352-497-6993 |
Virtual Tour: | Click Here |
250ft of frontage on CR 53, Zoned Residential Office, Work downstairs and live upstairs - Needs some updating, but rentable as is. Seller getting $700 for each apartment - upstairs and down. This 2-story double apartment presents a compelling investment opportunity with several noteworthy features: 1. **Versatility**: The property offers flexibility for various uses such as renting out both apartments, flipping it for profit, living in one unit while renting the other, or utilizing the ground floor for a business while living upstairs. 2. **Condition**: While it requires TLC and some repairs, the property holds significant potential for improvement and increased value once refurbished. 3. **Zoning**: It is zoned for residential office, allowing for a blend of residential and commercial use. The downstairs area with a reception space and office plus a half bath is ideal for setting up an office while the upstairs or back portion could serve as living quarters or additional office space. 4. **Location**: Positioned on CR 53 (Duval Ave) in Madison, with convenient access to I-10 and approximately 20 miles from Valdosta, enhancing its appeal for both residential and business purposes. 5. **Adjacent Lot**: The inclusion of the vacant lot next door, totaling 250ft of frontage, expands the potential significantly. Clearing the trees opens up possibilities for development, such as constructing additional buildings for more rental units, parking spaces, or creating outdoor amenities. 6. **Additional Buildings**: The presence of a 400sf building at the back suitable for storage or conversion into another apartment, along with a smaller vacant washhouse, further enhances the property's potential for diverse uses or additional rental income. Overall, this property represents a versatile investment with the opportunity to generate rental income, capitalize on its commercial zoning for business purposes, and potentially increase value through strategic improvements and development of the adjacent lot.
Appliances: | Electric Water Heater, Range, Refrigerator |
Flooring: | Tile, Wood | Laundry Features: | None |
Laundry: | Yes | Interior Features: | Eat-in Kitchen, Built-in Features |
Basement features: | Crawl Space |
Cooling features: | None, Wall/Window Unit(s) | Heating features: | None |
Heating: | Yes |
Lot features: | Cleared, Paved, Corner Lot | Construction Materials: | Asbestos, Cement Siding |
Roof: | Metal |
Parking features: | Guest, Open | Garage spaces: | 2 |
Exterior features: | Storage | Patio and Porch features: | Covered, Other, Front Porch |
Accessibility Features: | Accessible Entrance |
Sewer: | Public Sewer |
Annual Tax: | 906 |
Year Built: | 1940 | Levels: | Two |
Stories: | 2 |
Lot Dimensions: | 16248.0 |
Property Condition: | Fixer |
Building Area total: | 2876.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.