121 Madrid Drive Unit 121,123,125,127
Sebring, FL 33876
- 12 beds
- 12 baths
- – sqft
- ~1/2 acre lot
- 2007 build
- 5 days on site
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
Last checked:
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Last updated Mar 20, 2025
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MLS# 313152 —
The Building
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Year Built:2007
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Architectural Style:Two Story
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Roof:Shingle
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Levels:Two
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Stories:2
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Window Features:Single Hung
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Construction Materials:Block, Concrete
Interior
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Interior Features:Ceiling Fan(s)
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Flooring:Carpet, Tile
Financial & Terms
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Possession:Closing, Rental Agreement
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Listing Terms:Cash, Conventional
Location
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Directions:US 27 AND US 98 INTERSECTION - US 98 EAST TO LEFT ON MADRID TO UNITS ON RIGHT
The Property
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Parcel Number:C-15-35-30-040-00A0-0180
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Property Type:Residential Income
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Property Subtype:Other
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Property Subtype Additional:Other
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Property Condition:Excellent, Good Condition, Resale
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Lot Size Acres:0.57
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Lot Size Area:0.57
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Lot Size Square Feet:25000
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Lot Size Units:Acres
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Zoning Description:R3
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Frontage Length:125
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Road Responsibility:Public Maintained Road
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (863) 385-0077
- Office phone:
- (863) 385-0077
Taxes
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Tax Year:2024
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Tax Legal Description:SPRING LAKE VILLAGE IV PB 9 PG 75 LOT 18 BLK A
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Tax Annual Amount:10553.68
Beds
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Total Bedrooms:12
Baths
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Total Baths:12
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Half Baths:4
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Full Baths:8
The Listing
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Virtual Tour URL Branded:https://www.propertypanorama.com/instaview/heartland/313152
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/heartland/313152
Heating & Cooling
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Heating:Central, Electric
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Heating:Yes
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Cooling:Yes
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Cooling:Central Air, Electric
Utilities
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Utilities:Sewer Not Available
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Sewer:None, Septic Tank
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Water Source:Public
Appliances
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Appliances:Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator
The Community
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Subdivision Name:Spring Lake
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Community Features:Clubhouse, Golf, Golf Course Community, Playground, Pickleball, Shuffleboard, Tennis Court(s), Water Sports
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Pool Features:None
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Association:Yes
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Association Fee:45
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Association Fee Frequency:Annually
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# of Units In Community:4
Parking
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Garage:Yes
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Garage Spaces:1
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Parking Features:Garage
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).