2955 State Road 14 Madison, FL 32340

Property Details for 2955 State Road 14

Lot size

4.00 lot acres

Property size

1,360 SF

Property type

Commercial real estate

Description

This exceptional multifamily investment property, located at 2955 SW State Road 14 in Madison, Florida, presents a lucrative opportunity for discerning investors. The property consists of two detached single-family homes and two single-wide mobile homes, all currently generating a combined monthly rental income of $2,900. Situated on a four-acre lot, the property boasts a total square footage of 1,360. Each unit contributes to the substantial rental income stream, making this a highly desirable investment. The property's zoning allows for one dwelling per acre, offering potential for future expansion or development. Further enhancing its appeal are two existing wells and two septic tanks, ensuring self-sufficiency and minimizing reliance on municipal services. Conveniently located minutes from Interstate 10, this property offers easy access to major transportation routes, enhancing its attractiveness to both tenants and investors. The asking price is $475,000, representing a compelling value for this income-producing asset in a desirable location. This is a rare opportunity to acquire a well-maintained, high-yielding multifamily property with significant upside potential.