946 Saddle Tree LN Pending Save Request In-Person Tour Request Virtual Tour
Madison,IN 47250
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Pending
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
Construction Status Resale
Abv Grd Liv Area 1,800
Year Built 1971
Annual Tax Amount $994
Lot Size 3,484 Sqft
Acres 0.08
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
Direction From Main and Jefferson Street head North on 421. In 0.6 miles make a right onto Aulenbach Ave, then an immediate right on East Street. Property will be on the right at the corner of Saddle Tree and Royer parking lot.
Interior
Heating Baseboard, Forced Air
Cooling None
Fireplace No
Appliance Dryer,Oven,Range,Refrigerator,Washer
Laundry Main Level, Laundry Room
Exterior
Parking Features Attached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Connected,Public
Roof Type Shingle
Street Surface Paved
Building
Dwelling Type Triplex
Entry Level Two
Sewer Public Sewer
Water Connected, Public
Architectural Style Two Story
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 390835442015000007
Acceptable Financing Cash,Conventional,FHA,USDA Loan,VA Loan
Listing Terms Cash,Conventional,FHA,USDA Loan,VA Loan