$199,900
Calculate Payment
Calculate Payment
946 Saddle Tree Lane Madison, IN 47250
Triplex
Residence
2
Beds
3
Baths
1,800
Sq. Ft.
0.08
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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. 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.
Continue reading
MLS#
2024012709
Property Type
Triplex
Bedrooms
2
Bathrooms
Year Built
1971
Square Feet
1,800
sq. ft
Lot Size
0.08
Stories
2.0
Sewer
Sewer Connected, Public Sewer
Receive an email as soon as the price changes
Receive an email
as soon as the price changes
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Rental Valuation Estimate
Per Month
Nearby Homes For Sale
Just Listed
And
Homes Available
In