946 Saddle Tree Ln Pending Save Request In-Person Tour Request Virtual Tour
Madison,IN 47250
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $111
MLS Listing ID 1676399
Style Other
HOA Y/N No
Abv Grd Liv Area 1,800
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1971
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. 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
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 Electric,Forced Air,Other
Cooling Wall/Window Unit(s)
Exterior
Exterior Feature None
Garage Spaces 2.0
View Y/N No
Roof Type Shingle
Garage Yes
Building
Lot Description Corner
Architectural Style Other
Structure Type Vinyl Siding