REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Jim Pruett • eXp Realty
$ 419,900
Est. payment /mo
New
521 West Street Madison, IN 47250
4 Beds
4 Baths
1,360 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $308
MLS Listing ID 208652
Bedrooms 4
Full Baths 4
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions odd
Property Sub-Type Single Family
Property Description
Prime turnkey investment opportunity in the heart of historic downtown Madison! Extensively renovated in 2023, this low-maintenance 4-unit income property comes fully furnished and ready to perform from day one. Capitalizing on the high-demand traveling professional market, the property rents effortlessly to traveling nurses and corporate contractors with an established 90-day minimum lease structure. The building features an ideal layout with two units on the first floor and two on the second floor, all boasting brand-new 2023 shingles, fresh interior and exterior paint, completely remodeled interiors, and efficient PTAC heating and cooling systems. Cash flow is immediate and robust: Unit 1 generates $1,300/mo (utilities included), Unit 3 is occupied by a stable long-term tenant at $1,000/mo, and Units 2 and 4 are ready to lease at $1,300/mo each. All furnishing incuded. Has an amazing 11% cap rate!
Location
State IN
County Jefferson
Area Madison
Rooms
Basement Cellar
Master Bedroom 0.00 x 0.00
Dining Room 0.00 x 0.00
Family Room 0.00 x 0.00
Interior
Heating Other, Heat Pump
Cooling Wall Unit
Exterior
Parking Features None
Roof Type Shingle
Building
Foundation Stone
Sewer Public Sewer
Structure Type Brick
Schools
School District Madison Consolidated
GET MORE INFORMATION
Follow Us