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Listing Courtesy of: 812-274-0660 - Austin A Ketcham - eXp Realty, LLC 812-274-0660

$635,000

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318 Mulberry Street Madison, IN 47250

Single Family Residence

4 Beds

4 Baths

3,072 Sq. Ft.

0.04 Acre Lot

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Last updated on 9/22/2024 7:13 PM

Listing Details

**Historic 4-Unit Building in Downtown Madison, Indiana â Prime Opportunity!** Located in the heart of Madison, recently voted the #1 historic town in the Midwest, this stunning 4-unit building offers exceptional potential. The versatile first floor features *beautiful poplar flooring* and can be u...sed as either commercial or residential space, with the possibility of being divided into two separate spaces for maximum flexibility. The second floor includes two charming rental units: a spacious 2-bedroom apartment and a cozy 1-bedroom unit. On the third floor, you'll find an expansive 1-bedroom apartment with a loft area, offering a unique and airy living space. With a current rent roll of $3,300 for the second and third floors, this property already generates solid income. The building is approved for condominium conversion, pending separation of water meters, creating even more value for future owners. Conveniently located steps away from a city parking lot, this historic gem offers plenty of opportunities for investors or entrepreneurs looking to capitalize on Madison's booming downtown area. Seller may consider a contract sale if the terms are right. Donât miss out on this incredible opportunity! Continue reading

MLS#

2024010730

Property Type

Single Family

Bedrooms

Bathrooms

4 Full

Year Built

1900

Square Feet

3,072 sq. ft

Lot Size