Sold for $700,000

$700,000

121 Madrid Dr #123-125-127, Sebring, FL 33876

12beds

--sqft

Multi Family

Built in 2007

-- sqft lot

$683,100 Zestimate^®

$--/sqft

$1,363 Estimated rent

Home value

$683,100

$574,000 - $813,000

$1,363/mo

Zestimate^® history

Owner options

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$1,363/mo

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$1,363/mo

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$4,652/mo

Est. payment

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$4,652/mo

Est. payment

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What's special

New roofsExterior paintingGreat roomOpen-concept floor planNewer ac unitsSpacious unit

Excellent Income-Producing Opportunity! Located in the highly sought after Spring Lake Golf & Country Club, this beautifully maintained property consists of two duplex townhomes (four units total) currently with zero-vacancy and long term tenants. Each spacious unit features 3 bedrooms, 2.5 baths, a laundry room, extra storage, and a 1-car garage. The open-concept floor plan includes a kitchen, living, and dining area that seamlessly flows into the great room, with a convenient half bath downstairs. Upstairs, you'll find three bedrooms, two full baths, a laundry room, and additional storage. Recent updates include new roofs (2023) and newer AC units (all within the last four years), and exterior painting 2023. With long-term tenants already in place, this is a prime investment opportunity you won’t want to miss! Other investment properties can be with this MLS numbers 313127,313258

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8
Full bathrooms: 8
1/2 bathrooms: 4

Heating

Central, Electric

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator

Features

Ceiling Fan(s), Cable TV
Flooring: Carpet, Tile
Windows: Single Hung

Property

Parking

Parking features: Garage
Garage spaces: 1

Features

Levels: Two
Stories: 2
Pool features: None
Frontage length: 125

Lot

Size: 0.57 Acres

Details

Additional parcels included: ,,
Parcel number: C15353004000A00180
Zoning description: R3
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Two Story
Property subtype: Multi Family

Materials

Block, Concrete
Roof: Shingle

Condition

Excellent,Good Condition,Resale
Year built: 2007

Utilities & green energy

Sewer: None, Septic Tank
Water: Public
Utilities for property: Sewer Not Available

Community & HOA

Community

Features: Clubhouse, Golf, Golf Course Community, Playground, Pickleball, Shuffleboard, Tennis Court(s), Water Sports
Subdivision: Spring Lake

HOA

Has HOA: Yes
HOA fee: $45 annually

Location

Region: Sebring

Financial & listing details

Annual tax amount: $10,553
Date on market: 3/20/2025
Cumulative days on market: 7 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
4/25/2025	Sold	$700,000-4.1%
Source: HFMLS #313152 Report a problem
3/28/2025	Pending sale	$729,800
Source: HFMLS #313152 Report a problem
3/20/2025	Listed for sale	$729,800
Source: HFMLS #313152 Report a problem