Current Use by Public Records
- The Fountain Building / Resort
- Kentuckiana News / Newspaper & Magazine / Television Studio
Property Details for 402 Main St
- Lot size
- 0.03 lot acres
- Property type
- Multifamily properties
Description
This exceptional multi-family property, located at 402 E Main Street in the heart of historic downtown Madison, Indiana, presents a compelling investment opportunity. The building boasts a desirable mix of rental units, ensuring strong occupancy rates and consistent cash flow. The main floor comprises two apartments: a spacious two-bedroom unit and a comfortable one-bedroom unit. Adding to the property's income potential are seven efficient studio units located on the third floor, which share two well-maintained bathrooms. The fourth floor is currently unfinished, offering significant potential for future expansion and value enhancement. The property sits on a conveniently sized 0.03-acre lot, ideal for its current configuration and minimizing maintenance needs. The asking price of $449,900 reflects the property's strong rental income potential and prime location within a thriving historic district. This is a rare chance to acquire a well-positioned multi-family investment in a sought-after Indiana town. The existing units are well-maintained and ready for immediate occupancy, minimizing vacancy periods and maximizing return on investment. The unfinished fourth floor presents a unique opportunity to increase the property's value and rental income through strategic development. This property is an excellent addition to any investment portfolio seeking stable returns and long-term growth. Serious inquiries are encouraged.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Jefferson_IN
- State
- Indiana
- Longitude
- -85.3756
- Latitude
- 38.7361
