521 West Street

Madison IN 47250

1360 sq. ft.

1306.8 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Prime turnkey investment opportunity in the heart of historic downtown Madison! Extensively renovated in 2023, this low-maintenance 4-unit income property comes fully furnished and ready to perform from day one. Capitalizing on the high-demand traveling professional market, the property rents effortlessly to traveling nurses and corporate contractors with an established 90-day minimum lease structure. The building features an ideal layout with two units on the first floor and two on the second floor, all boasting brand-new 2023 shingles, fresh interior and exterior paint, completely remodeled interiors, and efficient PTAC heating and cooling systems. Cash flow is immediate and robust: Unit 1 generates $1,300/mo (utilities included), Unit 3 is occupied by a stable long-term tenant at $1,000/mo, and Units 2 and 4 are ready to lease at $1,300/mo each. An additional $100–$150/mo in passive income is generated by the common hallway coin-operated laundry. With a total potential gross income pushing $5,050+ per month and all furnishings included, this is the ultimate hands-off addition to your real estate portfolio and an amazing 11% cap rate! Schedule your showing today!

Features

4 bedrooms

4 bathrooms

1360 sq. ft. floor area

1306.8 sq. ft. lot size

Single-Family

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