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
Sold
$700,000
121 Madrid Dr #123-125-127, Sebring, FL 33876
12beds
--sqft
Multi Family
Built in 2007
-- sqft lot
$700,900 Zestimate®
$--/sqft
$4/mo HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 12:43pm
Listed by:
Denyelle Dibble,
RE/MAX REALTY PLUS
Bought with:
Denyelle Dibble, 3058059
RE/MAX REALTY PLUS
Source: HFMLS,MLS#: 313152Originating MLS: Heartland Association Of Realtors
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 & neighborhood
Community
- Community features: Clubhouse, Golf, Golf Course Community, Playground, Pickleball, Shuffleboard, Tennis Court(s), Water Sports
Location
- Region: Sebring
- Subdivision: Spring Lake
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $45 annually
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Services availability

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