Loan Price
$3,694
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$635,000
318 Mulberry Street Madison, IN 47250
- 4 Beds
- 4 Baths
- 3,072 sq. Ft
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Property Description for 318 Mulberry Street Madison, IN 47250
**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!
Street View Not Available At this Location
Address:318 Mulberry Street Madison IN 47250
Status:Active
on site: 96 days
Price:$635,000
Bedrooms:4 Beds
Bathrooms:4 Full Baths
Sq. Feet:3,072
Year Built:1900
Lot Size:0.04
County: Jefferson_IN
Township: Madison
MLS #:2024010730
Property Type:Residential
Lot Dimensions:1742.4
Zoning:Residential, Commercial, Hi
Water Source:Connected, Public
Directions:Heading West on Main Street turn left onto Mulberry Street. Building will be located on your left.
Upper Level Sq. Ft. :3,072
Total Sq. Ft. :3,072
Sq. Ft. Source:Assessor
Semi-Annual Property Tax:$705
Mandatory HOA Fee:$
Total Sq. Ft.:3,072
Exterior Type:Brick, Frame
Cool:CentralAir, WindowUnits, WallWindowUnits
Heat:ForcedAir
Tucker Customer Care
Additional Phone (317) 954-4768
Email customerservice@talktotucker.com
F.C. Tucker Company
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Listing provided courtesy of Austin Ketcham with eXp Realty, LLC
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
Madison Market Report
243
Avg. DOM
$172.52
Avg. $ / Sq.Ft.
$ 268,500
Med. List Price
The house prices in Madison are indeed dropping at the moment. There has been a decrease in price of $114,716.67. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.
The housing market and house prices in Madison are going Down. The average house price is $310,000.00 and the average price per square feet is $177.29 per square feet. At the moment, the amount of homes listed is exactly 44 houses, with 16 with active status, 5 with pending status and 23 sold in Madison .
The most popular place to buy a home in Madison is 13-Indiana. 13-Indiana is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Madison .
The average amount of property taxes you would have to pay for a home in Madison is $1,346.67. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.
Properties in Madison are staying listed for an average of 83 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.
The last home listed in Madison was 2554 minutes ago.
At the moment we have 0 open houses that you can visit.
The cost of the most expensive home in Madison is $798,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.
The cost of the cheapest home in Madison is $85,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.
The date of the oldest built home in Madison in year 1833 and the newest built house is in year 9999.
The average size of properties in Madison is 2068.81 sq.ft. , the biggest one being 3986 sq.ft. and the smaller being 600 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.