Madison, IN 47250,946 Saddle Tree LN
Madison, IN 47250,946 Saddle Tree LN
Madison, IN 47250,946 Saddle Tree LN
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$199,900
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2 BD
3 BA
1,800 SqFt
Active

946 Saddle Tree LN Madison, IN 47250

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UPDATED:

01/03/2025 03:21 PM

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

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


Listed by eXp Realty, LLC

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agent

Rachel Dreyer

Agent | License ID: RB14050394

+1(502) 386-3669

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946 Saddle Tree LN