946 Saddle Tree Lane

Madison, IN 47250

$199,900
Price
—
Beds
1,800 Sq. Ft.
$111 / Sq. Ft.
1,800
Sq. Ft.
$111
per Sq. Ft.
Door to Unit 3
Unit 3
Unit 3
Unit 3
Unit 3
Unit 3
Stairs to Unit 1 & 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit Shared W/D
Furnace to Unit 3

Description

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...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.
  1. Listed by Jim Pruett • Exp Realty

Property Details for 946 Saddle Tree Lane

Directions
From Main and Jefferson Street head North on 421. In 0.6 miles make a right onto Aulenbach Ave, then an immediate right on East Street. Property will be on the right at the corner of Saddle Tree and Royer parking lot.
LISTING UPDATED: 12/10/2024 04:06 PM

Property Details for 946 Saddle Tree Lane

StatusActive
MLS #204172
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Multi Fam 2-4 units
Year Built1971
Lot Size0.08 AC / 3,485 SF
CountyJefferson County

Building Information for 946 Saddle Tree Lane

Stories-Residences-Year Built1971Building Size-Lot Size0.08 AC / 3,485 SF

Property Information for 946 Saddle Tree Lane

Summary
Location and General Information
  • County: Jefferson
  • City: Madison
  • State: IN
  • ZIP: 47250
  • Longitude: .00
  • Latitude: .00
  • Township: Madison
Taxes and HOA
  • Parcel ID: 390835442015000007
School Information
  • School District: Madison Consolidated
  • School Name 1: Lydia Middleton Elem
  • School Name 2: Madison Consolidated
  • School Type 1: Elementary School
  • School Type 2: High School
Property
Lot Information
  • Acres: 0.08
  • Lot Measurement: Acres
  • Lot Square Footage: 3485.0
  • Square Footage: 1800.0
  • Price Per Acre: $.00
  • Price Per Square Foot: $.00
Property and Assessments
  • Property Subtype 1: Multi Fam 2-4 units
  • Property Type: Multi Family
  • Property Disclaimer: Information has not been verified, is not guaranteed and subject to change.
  • Picture Count: 26
  • Year Built: 1971
  • Auction: No
  • Age: 0
  • FIPS Code: 77
  • Validated: Yes
Room Information
Bedroom Information
  • Bedrooms: 0
Bathrooms Information
  • Bathrooms: 0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Three Quarter Bathrooms: 0
Rental
Rental Information
  • Lease Type: Net

Property History for 946 Saddle Tree Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 946 Saddle Tree Lane

Taxable ValueLand$5,200Additions$44,500Total$49,700
Tax Record2023$994 ($83 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtStories2Lot Size3,456 SqFtStyleSingle Family ResidenceYear Built1971CountyJEFFERSONAPN39-08-35-442-015.000-007

Schools near 946 Saddle Tree Lane

This home is within Madison Consolidated Schools.
Rating
School
Type
Grades
Distance
Lydia Middleton Elementary School
Public - PK to 4
E.O. Muncie Jr/Sr High School
Public - 7 to 12
Madison Consolidated High School
Public - 9 to 12
Anderson Elementary School
Public - PK to 4
Rating
School
Distance
Lydia Middleton Elementary School
PublicPK to 4

E.O. Muncie Jr/Sr High School
Public7 to 12

Madison Consolidated High School
Public9 to 12

Anderson Elementary School
PublicPK to 4

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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More information about 946 Saddle Tree Lane, Madison, IN 47250

946 Saddle Tree Lane is a multi-family home for sale in Madison, IN 47250. This property was listed for sale on December 10, 2024 by Exp Realty, it's currently listed at $199,900. This listing's school district is Madison Consolidated Schools. Nearby schools include Lydia Middleton Elementary School, E.O. Muncie Jr/Sr High School and Madison Consolidated High School. 946 Saddle Tree Lane is a 0-bed, 0-bath, 1,800 sqft multi-family home built in 1971.

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 Exp Realty

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.