946 Saddle Tree LN Active Save Request In-Person Tour Request Virtual Tour
Madison,IN 47250
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $111
MLS Listing ID 2024012709
Style Two Story
Bedrooms 2
Full Baths 3
Year Built 1971
Annual Tax Amount $994
Lot Size 3,484 Sqft
Property Sub-Type Residential
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. Internet is $60/month. Tenants pay electric and provides their own window a/c units. Apartments are metered separately. Tenants in units 1 & 2 have been there over 4 years, efficiency unit has new tenant. 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_ I N
Area Downtown
Zoning Residential
Interior
Heating Baseboard, Forced Air
Cooling None
Laundry Main Level, Laundry Room
Exterior
Parking Features Attached, Garage
Garage Spaces 2.0
Garage Description 2.0
Roof Type Shingle
Building
Dwelling Type Triplex
Sewer Public Sewer
Water Connected, Public
New Construction No
Others
Acceptable Financing Cash,Conventional,FHA,USDA Loan,VA Loan
Listing Terms Cash,Conventional,FHA,USDA Loan,VA Loan