About This Home

This 4-bedroom, 4-bathroom multi-family at 521 West St in Madison, IN is listed for $419,900 ($309 per sqft). the home offers 1,360 sqft of living space on a 0.03 acres lot.

Key Features

0.03 acre lot

Property Details

4 full

Amenities

A/C

Listing 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!

Monthly Cost Estimate

$2,246/mo

20% down · 6.5% · 30 years

Principal$304

Interest$1,820

Insurance$122

Estimates only. Actual payments may vary.

Location

521 West St

Madison, IN 47250

Property Details

Construction

Brick

Heating

Heat Pump (Heating)

Cooling

Wall/Window Unit(s)Window Unit(s)

Questions & Answers

This 4-bedroom, 4-bathroom multi-family at 521 West St is listed at $419,900 ($309/sqft). The estimated monthly payment is $2,245 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.03 acre lot.

This property is listed by Jim Pruett.

Jim Pruett

Agent at eXp Realty

521 West St, Madison, IN 47250

About This Home

Key Features

Property Details

Amenities

Monthly Cost Estimate

Location

Property Details

Construction

Heating

Cooling

Questions & Answers

Jim Pruett