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Listed by Jim Pruett • eXp Realty
$ 1,375,000
Est. payment /mo
Active
513 West Street Madison, IN 47250
10 Beds
8 Baths
5,508 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,508 sqft
Price per Sqft $249
MLS Listing ID 207202
Bedrooms 10
Full Baths 6
Half Baths 2
Year Built 1840
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions odd
Property Sub-Type Single Family
Property Description
Own a Piece of Historic Downtown Madison Discover a rare investment opportunity in the heart of downtown Madison. This versatile corner lot property features four beautifully maintained Airbnb units, offering both charm and strong income potential. The thoughtfully designed layout includes: Main Floor: Two spacious 2 bedroom, 1.5 bath units Upper Level: Two expansive 3 bedroom, 2 bath units Currently operating as a successful short-term rental, this property delivers excellent returns and comes as a true turnkey investment complete with future bookings and all furnishings included, allowing for a seamless transition. Endless Possibilities: Continue as a high performing Airbnb, Multi generational living setup, convert to condo-style rentals, Owner occupy one unit while renting the others. Recent Updates Include: complete rehab, all systems new. Perfectly positioned in a highly walkable downtown location, you're just steps from local boutiques, dining, and the scenic Ohio River.
Location
State IN
County Jefferson
Area Madison
Rooms
Basement Cellar
Master Bedroom 14.40 x 15.00
Dining Room 0.00 x 0.00
Family Room 0.00 x 0.00
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplaces Type Insert
Exterior
Parking Features None
Roof Type Shingle
Building
Foundation Other
Sewer Public Sewer
Structure Type Brick
Schools
School District Madison Consolidated
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