IN > Madison
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
Est. payment /mo
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1,800 SqFt
Pending

946 Saddle Tree Ln Madison, IN 47250

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Scotty Paden

Scotty Paden

+1(812) 736-1870

UPDATED:

01/07/2025 04:34 PM

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

Greater Louisville MLS (Metro Search Inc)
Copyright 2025 Metro Search, Inc.
Listed by EXP Realty LLC
agent
Scotty Paden

Realtor | License ID: 17000362

+1(812) 736-1870 | scottypaden@epique.me

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946 Saddle Tree Ln