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- Price$199,900
- Sq. Ft.1,800
- Acres0.08
- Built1971
946 Saddle Tree Ln, Madison
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.
Essential Information
- MLS® #1676399
- Price$199,900
- Bathrooms0.00
- Square Footage1,800
- Acres0.08
- Year Built1971
- TypeMultiFamily
- Sub-TypeTriplex
- StatusActive
Amenities
- UtilitiesCity Sewer, City Water, Electricity Connected
- # of Garages2
Exterior
- Exterior FeaturesNone
- Lot DescriptionCorner
- RoofShingle
- ConstructionVinyl Siding
Community Information
- Address946 Saddle Tree Ln
- Area13-Indiana
- SubdivisionNONE
- CityMadison
- CountyJefferson
- StateIN
- Zip Code47250
Interior
- HeatingElectric, Forced Air, Other
- CoolingWall/Window Unit(s)
Listing Details
- Listing OfficeExp Realty Llc
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