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655 W Base St
Madison, FL 32340
47 UNITS-Madison Square Apartments 643 & 655 · Multifamily Property For Sale · 47 Units

Investment Highlights

  • Great Value-Add opportunity by finishing the last renovation phase and continue placing new tenants at new rental fees.
  • New Roof on both buildings.
  • A fence and gates were installed to provide additional security to Tenants.
  • More than $1M were spent in Capital Expenditures.
  • New appliances and new A/C units in all the apartments.

Property Facts

No. Units 47
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 4.42 AC
Building Size 24,710 SF
Average Occupancy 81%
No. Stories 1
Year Built/Renovated 1969/2020
Parking Ratio 2.5/1,000 SF
Zoning R1 - Residential

Amenities

Unit Amenities

  • Kitchen
  • Refrigerator
  • Tub/Shower

Site Amenities

  • Business Center
  • Laundry Facilities
  • Grill

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 19 $667.50 385
1+1 9 $725.00 700
2+1 19 $812.50 900

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 21-1N-09-3865-011-001
  • 21-1N-09-3865-011-000
  • 21-1N-09-3865-011-002
Land Assessment
$243,123
Improvements Assessment
$1,125,827
Total Assessment
$1,368,950
  • Listing ID: 22695064

  • Date on Market: 4/9/2021

  • Last Updated:

  • Address: 655 W Base St, Madison, FL 32340

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