502 North Madison Street, Unit 1 & 2

Gaston, IN 47342

$169,900
Price
4
Beds
2
Baths
1,953 Sq. Ft.
$87 / Sq. Ft.
1,953
Sq. Ft.
$87
per Sq. Ft.

Description

All the work is done! This amazing duplex has been completely remodeled inside with a new coat of paint outside! Sit back and enjoy your investment! Upgrades in the past 3 years: New drywall/panelling throughout / New vinyl plank flooring throughout / New plumbing /New 200amp electrical service / Heat Pump / Forced Air Furnace / Central Air / replacement windows & new entry doors / New Kitchen cabinets/fixtures/countertops and appliances / new bathroom cabinets and fixtures with walk-in showers/...All the work is done! This amazing duplex has been completely remodeled inside with a new coat of paint outside! Sit back and enjoy your investment! Upgrades in the past 3 years: New drywall/panelling throughout / New vinyl plank flooring throughout / New plumbing /New 200amp electrical service / Heat Pump / Forced Air Furnace / Central Air / replacement windows & new entry doors / New Kitchen cabinets/fixtures/countertops and appliances / new bathroom cabinets and fixtures with walk-in showers/ New water heater (rented) and new water softener. Roof is 2 years old. A separate mechanical room in between the units allows owner access to all Main Plumbing/HVAC/Electrical functions. Separate electric meters for each unit. Both sides are rented month to month thru November. Plenty of room for parking in front and a large yard out back. Both units are wheelchair accessible with existing ramps and have. 36" entry ways to each unit. Rural small town setting within walking distance of school and Cardinal Greenway.
  1. Listed by Sherry Anderson • RE/MAX Real Estate Groups

Property Details for 502 North Madison Street, Unit 1 & 2

Style
One Story
Architectural Style
Ranch
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 12/16/2024 02:45 PM

Property Details for 502 North Madison Street, Unit 1 & 2

StatusActive
MLS #202434347
Days on Market102
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built2010
Lot Size0.45 AC / 19,602 SF
CountyDelaware County

Building Information for 502 North Madison Street, Unit 1 & 2

Stories1Residences2Year Built2010Building Size-Lot Size0.45 AC / 19,602 SF

Property Information for 502 North Madison Street, Unit 1 & 2

Summary
Location and General Information
  • Area: Delaware County
  • City: Gaston
  • Zip Code: 47342
  • State: IN
  • Township: Washington
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Road Access: City
  • Zoning Description: Residential
  • Fips Code: 18035
  • Directions To Property: From Muncie: Wheeling north to 850 N, left on 850 to Madison St. R on Madison to property
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Assoc Restrictions: No
  • Year Taxes Payable: 2024
  • Parcel Number Id: 18-02-34-160-009.000-025
  • Parcel Id 2: 18-02-34-160-008.000-025
School Information
  • School District: Wes-Del Community Schools
  • Elementary: Wes-Del
  • Middle School: Wes-Del
  • High School: Wesdel
Parking
  • Number Of Parking Spaces: 4
  • Parking: Paved
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.45
  • Lot Dimensions: 133x148
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 2028.0
  • Upper Level Sqft: 0.0
  • Approx Lot Size Sqft: 19602.0
  • Above Grade Finished Sqft: 1953.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 1953.0
  • Above Grade Unfin Sqft: 75.0
  • Lot Description: Corner
  • Main Level Sqft: 2028.0
Property and Assessments
  • New Construction: No
  • Year Built: 2010
  • Age: 14
  • Documents Available: Survey, Sellers Disclosure
  • Government Subsidized: No
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
  • Well Type: Community
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking, Countertops-Laminate, Eat-In Kitchen, Open Floor Plan, Water Heater Electric, Water Softener-Owned, Washer Hook-Up
  • Driveway: Gravel
  • Exterior: Metal
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Road Surface: Paved
  • Roof Material: Shingle
Interior Features
  • Number of Electric Meters: 2
  • Number of Gas Meters: 0
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 2
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 2
  • Number of W/D Hookups: 2
  • Number of Washers: 2
  • Number Water Meters: 1
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: Central Air, Heat Pump
  • Flooring: Laminate, Vinyl
  • Heating/Fuel: Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Buildings: 1
  • Number of Units: 2
  • Restrictions: No
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $21,300
  • Annual Insurance Expense: $2,042
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $17,814
  • Annual Property Tax: $0
  • Annual Trash Expense: $586
  • Annual Water/Sewer Exp: $858
  • Gross Monthly Income: $1,775
  • Gross Monthly Rent: $1,775
Unit Information
Unit 1
  • Unit 1 SqFt: 1062
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 4
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $500.00
  • Unit 1-Electric: Tenant
  • Unit 1-Garage: No
  • Unit 1-Gas: None
  • Unit 1-Laundry Room: Kitchen
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $900
Unit 2
  • Unit 2 SqFt: 966
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 4
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $500.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage: No
  • Unit 2-Gas: None
  • Unit 2-Laundry Room: Kitchen
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $875
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Sewer, Trash Collection, Water, Water Softener
  • Tenant Pays: Electric

Property History for 502 North Madison Street, Unit 1 & 2

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 502 North Madison Street, Unit 1 & 2

This home is within Wes-Del Community Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Rating
School
Distance
Wes-Del Elementary School
PublicK to 5

Wes-Del Middle/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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502 North Madison Street, Unit 1 & 2 is a multi-family home for sale in Gaston, IN 47342. This property was listed for sale on September 6, 2024 by RE/MAX Real Estate Groups, it's currently listed at $169,900. This listing's school district is Wes-Del Community Schools. Nearby schools include Wes-Del Elementary School and Wes-Del Middle/Senior High School. 502 North Madison Street, Unit 1 & 2 is a 4-bed, 2-bath, 1,953 sqft multi-family home built in 2010.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Real Estate Groups

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.