$625,000
Calculate Payment
215 & 217 E Second Street Madison, IN 47250
Other
Residence
Beds
Baths
Sq. Ft.
0.03
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
Here is a great opportunity to own an investment property in Historic downtown Madison. The property is two parcels and includes apartments and a commercial space. There are 5 apartments with one of them being a 1 bedroom, 1 bath apartment and the rest are 2 bedrooms, 1 bath. All units have a stove..., refrigerator and microwave. Washer and dryer in all units except the 1 bedroom apartment. Units 2-4 are occupied, unit 1 and studio apartment are vacant. The 1 bedroom is currently being used for storage. Unit 1 has new updates as paint and floor coverings. Owner resides in one of the units and does not pay rent. He would like 60 day possession post closing, with paying no rent. Commercial space is currently occupied by an attorney and pays $1000/month. If all units including the commercial space are rented, the complete monthly income would be $4750. There are no current leases, tenants are month to month. There is a 24 hour notice required for all showings as we must call each tenant and give them notice. If an investment property in a fast growing Historic District peaks your interest, schedule your showing today! Front part of building was built in the 1800s. The back part of the building with apartments was town down and new construction was in 2007.
Continue reading
MLS#
202306212
Property Type
Other
Lot Size
0.03
Receive an email as soon as the price changes
Receive an email
as soon as the price changesGet 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.
Nearby Homes For Sale
Just Listed
And
Homes Available
In