Madison, IN 47250,422-424 E Second St
Madison, IN 47250,422-424 E Second St
Madison, IN 47250,422-424 E Second St
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$325,000
Est. payment /mo
4 Beds
5 Baths
3,716 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,716 sqft

Price per Sqft $87

MLS Listing ID 1685976

Bedrooms 4

Full Baths 5

HOA Y/N No

Abv Grd Liv Area 3,716

Originating Board Metro Search (Greater Louisville Association of REALTORS®)

Year Built 1840

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Single Family Residence

Property Description

Endless Possibilities in the Heart of Historic Downtown Madison! This versatile 4 unit, 2 story building is a rare opportunity for investors or visionary homeowners. Currently configured as four apartment units, the property offers a range of options—maintain it as a 4 unit rental, reimagine it as three apartments and two efficiencies, convert it into two charming single-family homes, or create a unique blend such as a primary residence on one side with short-term rentals on the other. Original trim can be found throughout property. Located in a prime downtown location, this property combines character, convenience, and exceptional potential for income or multi-generational living. There are 5 electric meters, 2 water meters and 2 meters for gas hookup if potential buyer would want gas. Property was recently inspected and no major defects were found. Tenants are month to month, 3 units are $650/mth, other unit is $460/mth.

Location

State IN

County Jefferson

Direction From Jefferson Street, head East on Second. Property will be located on the right at the corner of Second and East Street.

Rooms

Basement Unfinished

Interior

Heating Radiant, Other

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features On Street

Fence None

View Y/N No

Roof Type Shingle

Garage No

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Wood Frame,Brick


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Greater Louisville MLS (Metro Search Inc)
Listed by EXP Realty LLC
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"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "

+1(502) 649-6720

smardis@movingwithmardis.com

8610 Chapel Hill Court, Charlestown, Indiana, 47130, USA

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422-424 E Second St