6 Beds
8 Baths
3,160 SqFt
6 Beds
8 Baths
3,160 SqFt
Key Details
Property Type Other Types
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,160 sqft
Price per Sqft $214
MLS Listing ID 1010280
Style Duplex
Bedrooms 6
Full Baths 6
Half Baths 2
HOA Y/N No
Year Built 2023
Tax Year 2025
Property Sub-Type Duplex
Source Emerald Coast Association of REALTORS®
Land Area 3160
Property Description
Property may also offer potential for short-term or furnished rental use. 182 Madison Street presents a unique opportunity to acquire both sides of a newer duplex together as one investment property. Units A and B feature mirrored floor plans and are currently operated as long-term rentals, providing immediate income without the need to locate tenants after closing.
Each residence offers three bedrooms, two and one-half bathrooms, an attached one-car garage, and a modern open-concept layout designed for comfortable everyday living. Interior features include luxury vinyl plank flooring, stainless-steel appliances, kitchen islands, ample cabinetry and storage, and spacious living areas.
The property has demonstrated strong rental performance, with historical gross rental income reaching approximately $60,000 annually. Both units are currently leased, and rent rolls and additional rental information are available for review by qualified buyers.
An additional potential benefit is the existing VA loan carrying a 5.99% interest rate, which may be assumable by a qualified buyer subject to approval by the lender/loan servicer and applicable VA requirements. Buyers should independently verify assumption eligibility, remaining loan balance, required equity or cash contribution, and all financing terms.
Located in Freeport with convenient access to Highway 20, schools, shopping, dining, and South Walton, the property is positioned in one of Walton County's growing residential areas while remaining within convenient reach of the beaches and communities along the Emerald Coast.
Property is being sold as a single duplex consisting of Units A and B on one parcel. Photos shown are primarily of Unit B. Unit A is substantially identical in design and finishes but features a mirrored floor plan. Tenant occupancy should be considered when scheduling showings.
Location
State FL
County Walton
Community Short Term Rental - Allowed, Pets Allowed
Area 20 - Freeport
Zoning Resid Multi-Family
Direction From Hwy 20 E or W turn south onto Madison street; adjoining townhomes are the third home on the right. You will notice it's ''twin'' just next door to it to the left side.
Rooms
Primary Bedroom Level Upper
Master Bedroom true
Kitchen true
Interior
Interior Features Kitchen Island, Lighting Recessed, Pantry, Shelving, Washer/Dryer Hookup
Heating Central
Cooling Ceiling Fans, Central Air
Flooring Floor Vinyl
Furnishings Furnished - None
Window Features Window Treatmnt None
Appliance Auto Garage Door Opn, Dishwasher, Freezer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
Exterior
Parking Features Garage
Garage Spaces 1.0
Community Features Short Term Rental - Allowed, Pets Allowed
Utilities Available Electric, Public Water, Tap Fee Paid
Roof Type Pitched
Garage Yes
Building
Faces From Hwy 20 E or W turn south onto Madison street; adjoining townhomes are the third home on the right. You will notice it's ''twin'' just next door to it to the left side.
Foundation Slab
Sewer Public Sewer
Architectural Style Duplex
New Construction No
Schools
Elementary Schools Freeport
Middle Schools Freeport
High Schools Freeport
Others
Pets Allowed No
Tax ID 15-1S-19-23040-006-0072
Nearby Locations
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