- Property Type:Single Family
- MLS#:2024012709
- Status:Active
- Sq. Feet:1800
- On Site:13 Days
- Lot Size:0.08 Acres
- School System:N/A
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.
| Size | Level | |
| Living Room | 13.3 x 14 | Second |
| Kitchen | 13 x 11.7 | Second |
| Bedroom | 12 x 10.8 | Second |
| Full Bath | Second | |
| Living Room | 16 x 10.6 | Second |
| Kitchen | 9 x 7.9 | Second |
| Dining Room | 8 x 10.3 | Second |
| Bedroom | 9 x 10 | Second |
| Full Bath | Second | |
| Living Room | 14.5 x 13 | First |
| Kitchen | 8 x 13 | First |
| Full Bath | First | |
| Other | 8 x 6 | First |
| Lot Size: | 0.08 Acres |
| Lot Size (Sq.Ft.): | 3484.8 |
| Garage Spaces: | 2.0 |
| Parking Features: | Attached, Garage |
| Sewer: | Public Sewer |
| Water: | Connected, Public |
| Road Surface: | Paved |
| Zoning: | Residential |
| Appliances: | Dryer, Oven, Range, Refrigerator, Washer |
| Laundry: | Main Level, Laundry Room |
| Heating: | Baseboard, Forced Air |
| Total Rooms: | 13 |
| Directions: | From Main and Jefferson Street head North on 421. In 0.6 miles make a right onto Aulenbach Ave, then an immediate right on East Street. Property will be on the right at the corner of Saddle Tree and Royer parking lot. |
| Tax Annual Amount: | $994 |
| Terms: | Cash, Conventional, FHA, USDA Loan, VA Loan |
Listing Information Last Updated 12/22/2024
Listing provided courtesy of Exp Realty, LLC.
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FC Tucker Lynch Group
(812) 265-3122
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