589 S DUVAL AVENUE,  MADISON  (32340)

$244,900

3 bedrooms 3   3 bathrooms 3   2302 square feet 2,302
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PROPERTY DETAILS

Address: view address
MADISON, FL 32340
Map Location
Features: Furnished, Multi-level, Pets
Bedrooms:3Bathrooms:3 (full: 2, half: 1)
Square Feet:2,302 sq.ft.Lot Size:16248.0
Year Built:1940Property Type:Single Family Residence
Neighborhood:LAKESIDE HEIGHTS SUBCounty:Madison
List Date:2024-03-04Listing Number:OM674099
Listed By:H & H REALTY AND ASSOCIATESListing Office:352-497-6993
Virtual Tour:Click Here

PROPERTY DESCRIPTION

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.

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Interior

Appliances

Appliances:Electric Water Heater, Range, Refrigerator

Features

Flooring:Wood, TileLaundry Features:None
Laundry:YesInterior Features:Eat-in Kitchen, Built-in Features

Room Information

Basement features:Crawl Space

Cooling & Heating

Cooling features:Wall/Window Unit(s), NoneHeating features:None
Heating:Yes

Exterior

Exterior and Lot

Lot features:Cleared, Paved, Corner LotConstruction Materials:Asbestos, Cement Siding
Roof:Metal

Parking

Parking features:Guest, OpenGarage spaces:2

Property Features

Exterior features:StoragePatio and Porch features:Other, Front Porch, Covered

Property and Lot Details

Features

Accessibility Features:Accessible Entrance

Other

Sewer:Public Sewer

Fee

Annual Tax:906

Building Information

Year Built:1940Levels:Two
Stories:2

Lot

Lot Dimensions:16248.0

Condition

Property Condition:Fixer

Construction

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.

Loading Data...

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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Listed By: H & H REALTY AND ASSOCIATES