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Listed by Lacie Wilson • Schuler Bauer Real Estate Powe
$ 4,125,000
Est. payment | /mo
3.44 Acres Lot
$ 4,125,000
Est. payment | /mo
3.44 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 22038923
Year Built 1983
Tax Year 2024
Lot Size 3.440 Acres
Acres 3.44
Property Sub-Type Multi-Family 5+
Property Description
Presenting a prime investment opportunity in the thriving market of Madison, Indiana: a well-maintained 55-unit multifamily apartment complex featuring a desirable mix of 9 studio apartments, 36 one-bedroom units, and 10 two-bedroom units. Ideally located in a growing community known for its historic charm and strong rental demand, this property offers consistent occupancy and excellent potential for long-term returns. With a proven income stream and a unit configuration that appeals to a wide range of tenants, this asset is perfectly suited for investors seeking stability and growth.
Location
State IN
County Jefferson
Zoning R32
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
Building
Story One
New Construction false
Schools
Middle Schools Madison Consolidated Jr High Sch
School District Madison Consolidated Schools
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Sarah Beth Skidmore And Christie Snapp
Broker