227 SW Range Ave Madison, FL 32340
Estimated payment $2,802/month
About This Home
Income producing! This property offers six rentals with very little turnover in tenants. Included is a two-bedroom apartment, two efficiency apartments, a large storefront, and two small storefronts, as well as an office space currently used by the owner, but could be another rental. Located in beautiful downtown Madison, FL, this historic building has stories to tell. If you are seeking an investment property, this is worth taking a look.
Property Details
Home Type
- Multi-Family
Home Design
- Vinyl Siding
- Masonite
Flooring
- Wood
- Carpet
- Vinyl
Schools
- Madison County Middle School
- Madison County High School
Additional Features
- 2-Story Property
- Central Heating and Cooling System
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 12079-00-00-00-3729-001-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,312 | $108,585 | $28,759 | $79,826 |
| 2024 | $1,932 | $93,996 | $26,144 | $67,852 |
| 2023 | $1,823 | $80,429 | $0 | $0 |
| 2022 | $1,627 | $72,004 | $20,840 | $51,164 |
| 2021 | $1,690 | $72,845 | $20,840 | $52,005 |
| 2020 | $1,699 | $72,668 | $19,816 | $52,852 |
| 2019 | $1,411 | $60,071 | $19,816 | $40,255 |
| 2018 | $1,444 | $60,701 | $0 | $0 |
| 2017 | $1,694 | $70,583 | $19,612 | $50,971 |
| 2016 | $1,733 | $71,214 | $19,612 | $51,602 |
| 2015 | $1,776 | $71,844 | $19,612 | $52,232 |
| 2014 | $1,792 | $72,474 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Price Changed | $498,000 | -5.1% | $68 / Sq Ft |
| 02/03/2025 02/03/25 | For Sale | $525,000 | -- | $71 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Smith Abstract & Title Llc | |
| Warranty Deed | $70,000 | Smith Abstract & Title Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $152,201 | Future Advance Clause Open End Mortgage |
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
MLS Number: 381473
APN: 00-00-00-3729-001-000
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