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26
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946 Saddle Tree Lane, Madison, IN 47250
$199,900 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
3
baths
1,800
sqft
Built in
1971
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.
Features & Amenities
Interior
- Appliances:
- Dryer,Oven,Range,Refrigerator,Washer
- Laundry:
- Main Level,Laundry Room
- A/C:
- false, None
- Heating:
- true, Baseboard,Forced Air
Exterior
- Style:
- Two Story
- Parking:
- Attached,Garage
Construction
- Roofing:
- Shingle
- General:
- Vinyl Siding, 2
Location
- Road/Access:
- Paved
- Originating MLS:
- SIRA
- County:
- Jefferson_IN
Lot
- Zoning:
- Residential, 011-03117-00 SHEETS & WHARTON ADD PT LOT 41 11-1147-31 946 SADDLE TREE LN, 390835442015000007
Utilities
- Water:
- Connected,Public
- Sewer:
- Public Sewer
Financial
- Source:
- SIRA
This listing courtesy of:
eXp Realty, LLC
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Madison, IN
Housing
- Number of Units
- 10,184
- Median Home Value
- $141,469
- Median Rent
- $502
33.07% of housing units are renter occupied.
9.33% are vacant.
Commute
- Car
-
88.94%
- Public Transportation
-
0.03%
- Walk to Work
-
1.65%
- Work from Home
-
8.82%
- Other
-
0.56%
The median travel time to work is 20 minutes.
People
- Population
- 22,261
- Median Age
- 43.00
- Median Household Size
- 2.38
Education
- High School
-
40.05%
- Associate’s Degree
-
10.46%
- Bachelor’s Degree
-
12.83%
- Graduate Degree
-
7.27%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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