265,000

House for sale Madison
Property photo number 1 of 16 Photos for Property. File  105400069_29_68404e8c9f06faf300629e7c3ba31878.jpeg

Overview

SUMMARY: Discover an opportunity with this Madison house for sale and available for 265,000. This could be your next ideal home or a smart investment. More details await.
Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss. Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit,
one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity. The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time. For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits. Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!
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Details

  • Baths: 3
  • Price: 265,000
  • Area: 4,684 sqft

Location

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  • Listing Manager
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