12-Unit Apartment
For Sale
Contact for pricing
1960 US-90, Madison, FL 32340
Multifamily holding combines occupied units, a separate duplex, and additional land with residential development allowances.
Property SizeContact for details
Lot Size5.09 Acres
Days on Market144
Property Features for 1960 US-90
General Information
Standard status
Active
Lot size
5.09 Acres
Property subtype
Multifamily
Occupancy
100%
Additional Details
Gross Income
$80,844
Multifamily Units
12
Listing Agency:
Charles Rutenberg Realty LLC
Listed By:
Henry Mahan · License #3365463
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 12:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charles Rutenberg Realty LLC
Investment Insights
Based on property information with market context.
This multifamily property includes 12 units across two lots totaling 5.088 acres, with 20 bedrooms and 14 full bathrooms. The existing improvements include three manufactured triplexes and a 2,700-square-foot CBS house designated for daycare use. The daycare-zoned structure is identified as a potential conversion to another triplex. Tenants supply their own appliances and pay the utility costs, while ownership handles landscaping. The property is occupied without vacancies.
The acreage is divided between approximately one acre containing the triplexes and daycare use and more than four acres available for additional development. Zoning permits construction as of right at a density of one home per acre, with no maximum size limit. The folio also includes 127 SW Meeting Ave., a 1,552-square-foot, two-story duplex on a 0.058-acre lot.
The acreage is divided between approximately one acre containing the triplexes and daycare use and more than four acres available for additional development. Zoning permits construction as of right at a density of one home per acre, with no maximum size limit. The folio also includes 127 SW Meeting Ave., a 1,552-square-foot, two-story duplex on a 0.058-acre lot.
Key Highlights
- 12 units with 20 bedrooms and 14 full bathrooms
- 5.088 acres across 2 lots, including more than four acres available for development
- Three manufactured triplexes and a daycare use occupy approximately one acre
Property Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 32340, FL
10,744
Population
4,567
Households
2.4
Avg Household Size
45
Median Age
13%
College-Educated
81%
High-School Grad
208.5 sq mi
ZIP Area
52
Density / Sq Mi
$43,393
Median Household Income
$32,937
Median Earnings
$814
Median Rent
$115,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily holding combines occupied units, a separate duplex, and additional land with residential development allowances.
Where is this apartment building located?
The property is located at 1960 US-90 Madison, FL.
What are key features of this property?
This property features: 12 units with 20 bedrooms and 14 full bathrooms; 5.088 acres across 2 lots, including more than four acres available for development; Three manufactured triplexes and a daycare use occupy approximately one acre
