946 Saddle Tree Ln Active Save Request In-Person Tour Request Virtual Tour
Madison,IN 47250
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $111
MLS Listing ID 1676399
Style Other
Bedrooms 2
Year Built 1971
Lot Size 3,484 Sqft
Property Sub-Type Triplex
Property Description
Discover a fantastic investment opportunity with this 3-unit residential and 2 car garage rental property conveniently located in downtown Madison and minutes from the Madison Hilltop. The property features two one-bedroom apartments on the second floor, a first-floor efficiency unit, and a shared utility room with a coined washer and dryer. Additionally, a spacious 23x26 two-car garage offers extra storage or rental potential. With its prime location and income-generating design, this property is a must-see for investors. Tenants are on a month to month lease at $650/month, includes water, sewage, trash and internet. Tenants pay electric and provides their own window a/c units. Apartments are metered separately. Apartments are metered separately. Tenants in units 1 & 2 have been there over 4 years, efficiency unit is currently vacant. Garage is used by seller, but could rent for $300- $400/month. Only one of the garage doors has an opener. Washer & Dryer produces about $50/month in income.
Location
State IN
County Jefferson
Interior
Heating Electric,Forced Air,Other
Cooling Wall/Window Unit(s)
Exterior
Exterior Feature None
Garage Spaces 2.0
View Y/N No
Roof Type Shingle
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding