Very clean and well cared for investment property. All new heat air and duct work in both units. buth units 2 BR 1 BA and 1 car attached garage. Tenants pay utilities.
This property is a great investment opportunity for you in a tri-plex (3 units) in Historic Downtown Madison Indiana
*This property is a great investment opportunity in Historic Downtown Madison, IN *Apartment #1 - 2 bedroom *Apartment #2 - 1 bedroom *Also, property contains 7 efficiency rooms with 2 shared bathrooms on the 3rd floor *4th floor unfinished
This newly remodeled (new roof, electrical, HVAC) two story tri-plex located one block from the Ohio River and walkway, is the perfect space for a short term/ long term rental! Units 1 & 2 are 1 bedroom, living room, kitchen and 1 bath each. Unit 3 is a studio with 1 bath. All units have been completely re-done with LVP flooring, granite countertops, new cabinetry, new stainless steel appliances, and best of all units 2 and 3 come fully furnished! Completely redone covered porches, and new paved patio, off street parking, and a picturesque river view make these units highly desirable.
Here is a great opportunity to own an investment property in Historic downtown Madison. The property is two parcels and includes apartments and a commercial space. There are 5 apartments with one of them being a 1 bedroom, 1 bath apartment and the rest are 2 bedrooms, 1 bath. All units have a stove, refrigerator and microwave. Washer and dryer in all units except the 1 bedroom apartment. Units 2-4 are occupied, unit 1 and studio apartment are vacant. The 1 bedroom is currently being used for storage. Unit 1 has new updates as paint and floor coverings. Owner resides in one of the units and does not pay rent. He would like 60 day possession post closing, with paying no rent. Commercial space is currently occupied by an attorney and pays $1000/month. If all units including the commercial space are rented, the complete monthly income would be $4750. There are no current leases, tenants are month to month. There is a 24 hour notice required for all showings as we must call each tenant and give them notice. If an investment property in a fast growing Historic District peaks your interest, schedule your showing today! Front part of building was built in the 1800s. The back part of the building with apartments was town down and new construction was in 2007.
Looking for property that has a great location and needs renovation? If so, this property is perfect for you. This 3 story brick property is located just blocks from the beautiful riverfront walk in downtown Madison. This property consists of two buildings and has lots of potential. At the moment there is a tenant renting the second floor apartment in 302 West and the sellers live in the first floor of 302 West. Each building has 2 bedrooms and 2 full baths. The third floor in 302 was damaged by fire and was structurally repaired but is not finished. The back wall of 304 has structural issues that will need to be fixed. New roof was put on 8 years ago. This property has lots of potential and in a great location near, shops, restaurants, bars and all the festivals downtown Madison has to offer. Schedule a showing today to see all the potential this property has. This property could possibly qualify for the Pace Grant. Property is being sold as-is, sellers will not make any repairs. Tenant pays $450/month plus electric, seller pays water. 302 West Sqft: 3402/304 West Sqft: 2394
Two story triplex located 1 block from Ohio River and Walkway. Covered porches. Off street parking. Units 1 & 2 are 1 bedroom, living room, kitchen and 1 bath each. Unit 3 is studio with 1 bath. Possession is subject to tenants leases. Unit 1 has painted wood floors. Unit 2 has a tile and vinyl floors. 3 seller residential disclosures and 3 lead based paint disclosures. Seller requires buyers to be pre-qualified for financing Tri-Plex with down payment and limiting conditions stated on Lender letter or proof of funds letter. Buyer has right to do inspections, but property is being sold in "AS IS" condition. Seller pays water/sewer. Tenants pay electric. Property is in 100 year flood plain. FEMA Zone A3; Flood factor 9/10.
4 Unit Apartment Building in downtown Madison. Each unit has a living room, kitchen, bedroom and bath. Long term renters in most of the apartments. All units have refrigerator, range and AC Units. Front and rear porches are 1 year old, plumbing and most electrical has been replaced, ventless gas space heaters are wall mounted and 99% efficient. All units are metered separately for gas and electric.
Excellent location in Historic Downtown Madison! Great investment opportunity. This property contains 3 rental units @ 100% occupancy. 1 Unit-2BR/1BA. 2 Units-1BR/1BA. Call for additional details!
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Madison is located in Indiana. Madison, Indiana has a population of 11,920. Madison is less family-centric than the surrounding county with 21.53% of the households containing married families with children. The county average for households married with children is 27.53%.
The median household income in Madison, Indiana is $46,444. The median household income for the surrounding county is $50,722 compared to the national median of $57,652. The median age of people living in Madison is 42.6 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 21.7 degrees. The average rainfall is approximately 46.4 inches per year, with 12.8 inches of snow per year.
