182 Madison Street A & B
Freeport, FL 32439
$649,000
Active
Description
Turnkey Freeport duplex with both units currently leased, strong rental history, and a potentially assumable VA loan at 5.99%, subject to lender approval and buyer qualification. 182 Madison Street includes Units A and B together on one parcel, offering two mirrored townhome-style residences in a convenient Freeport location. Built in 2023, each unit features 3 bedrooms, 2.5 baths, an open-concept living and kitchen area, kitchen island, stainless-steel appliances, LVP flooring, generous storage, and an attached one-car garage. Both sides are currently occupied by long-term tenants, and the property has historically stayed rented with cash pay long term tenants. Rent rolls are available to qualified buyers. This is an excellent opportunity for an investor seeking a newer, income-producing property with established tenancy and the flexibility of two separate residences under one ownership. Photos shown are of Unit B; Unit A is substantially identical in finishes and layout, but mirrored.
Property may also offer potential for short-term or furnished rental use.
Positioned in an area poised for additional growth, with a potential 27-unit development directly behind the property--an investment that could further strengthen the surrounding area and support future property values.
Listing details MLS# 1010280
Location, Tax and Legal
- Area
- 20 - Freeport
- Sub area
- 2005 - S. of 20 to Hwy 331
- Subdivision
- N/A
- County
- Walton
- Parcel ID
- 15-1S-19-23040-006-0072
- Tax year
- 2025
- Legal description
- COM NE/C OF LOT 8 BLK 6 STEVENS PLAT OF SAID TOWN OF FREEPORT, ALG W MARGIN OF MADISON ST (50.00FT ROW), FROM SAID POB N 01 DEG 15'50''E ALG W ROW LINE OF MADISON ST 21.02FT TO POB; N 83 DEG 05'34''W 101.37FT, N 06 DEG 31'36''E 95.51FT, S 88 DEG 38'39''E 92.12FT, S 01 DEG 15'50''W 104.95FT. LYING IN SEC 15-1S-19W. OR 3303-3057
- Zoning
- Resid Multi-Family
General Property Info
- Property type
- Residential
- Year built
- 2023
- New construction
- No
- Condition
- Construction Complete
Interior
- Bedrooms
- 6
- Bathrooms
- 8
- Full baths
- 6
- Half baths
- 2
- Building area
- 3160
- Heating
- Central
- Cooling
- Ceiling Fans, Central Air
- Flooring
- Floor Vinyl
- Interior features
- Kitchen Island, Lighting Recessed, Pantry, Shelving, Washer/Dryer Hookup
- Appliances
- Auto Garage Door Opn, Dishwasher, Freezer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
- Total rooms
- 8
Exterior and Site
- Construction
- Frame, Roof Pitched
- Foundation
- Slab
- Parking
- Garage
- Garage spaces
- 1
- Carport spaces
- 0
Utilities
- Utilities
- Electric, Public Water, Tap Fee Paid
- Sewer
- Public Sewer
Schools
- Elementary
- Freeport
- Middle school
- Freeport
- High school
- Freeport
Remarks and Misc
- Directions
- 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.
