26
See all 26 photos
$419,900
Est. payment /mo
4 Beds
4 Baths
1,360 SqFt
New
521 West St Madison, IN 47250
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $308
MLS Listing ID 1733627
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 1,360
Lot Size 1,306 Sqft
Acres 0.03
Property Sub-Type Quadruplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 1360
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. All furnishings included and an amazing 11% cap rate! Schedule your showing today!
Location
State IN
County Jefferson
Direction From W Main Street turn left onto West Street, the destination will be on your left.
Interior
Heating Heat Pump, Other
Cooling Wall/Window Unit(s)
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
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Listed by EXP Realty LLC
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