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318 Mulberry Street, Madison, IN 47250

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For Sale

$635,000

4 beds • 4 baths • 3,072 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $206.71
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

**Historic 4-Unit Building in Downtown Madison, Indiana Prime Opportunity!** Located in the heart of Madison, recently voted the #1 historic town in the Midwest, this stunning 4-unit building offers exceptional potential. The versatile first floor features *beautiful poplar flooring* and can be used as either commercial or residential space, with the possibility of being divided into two separate spaces for maximum flexibility. The second floor includes two charming rental units: a spacious 2-bedroom apartment and a cozy 1-bedroom unit. On the third floor, you'll find an expansive 1-bedroom apartment with a loft area, offering a unique and airy living space. With a current rent roll of $3,300 for the second and third floors, this property already generates solid income. The building is approved for condominium conversion, pending separation of water meters, creating even more value for future owners. Conveniently located steps away from a city parking lot, this historic gem offers plenty of opportunities for investors or entrepreneurs looking to capitalize on Madison's booming downtown area. Seller may consider a contract sale if the terms are right. Don t miss out on this incredible opportunity!
MLS# 2024010730

Courtesy Of eXp Realty, LLC

(812) 274-0660

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    0.04 Acres

Map and Directions

Directions to 318 Mulberry Street, Madison, IN 47250

Home seller CENTURY 21 River Valley Real Estate, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 River Valley Real Estate, Inc.

(812) 273-1234
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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