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CIC Indiana

indianabroker@callitclosed.com +1(833) 242-7007

$ 400,000

Est. payment -/mo

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Active

1127 Walnut ST Madison, IN 47250

3 Beds

1 Bath

1,623 SqFt

UPDATED:

09/30/2024 04:21 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,623 sqft

Price per Sqft $246

MLS Listing ID 2024010809

Style One Story

Bedrooms 3

Full Baths 1

Construction Status Resale

Abv Grd Liv Area 1,623

Year Built 1900

Annual Tax Amount $2,000

Lot Size 9.750 Acres

Acres 9.75

Property Description

Very unique opportunity that is less than a half mile from the National Historic landmark town of Madison IN. This includes 5 parcels, 2 parcels have existing homes. 1131 walnut has a shotgun style home with an apartment addition. Home and apartment are in need of renovations. The main home at 1127 was updated about 10 years ago. Both homes have newer roofs within the last 5 years. 1131 has an old house that is in need of major renovation or be razed. 1100 is the garden area behind the two homes. 1137 is a vacant track that is 8.5 acres. Total acreage is just under 10 acres. The very popular Heritage Trail access point is located on Walnut st. This property could have many potential uses given the tourism in Madison. RV parking, Hotel, Short term rental, multi family, etc. Proper zoning and approvals would be needed to make any changes. We have not explored these ideas with planning and zoning , just ideas to add to Madison's rich toursim market.

Location

State IN

County Jefferson_ I N

Area Downtown

Zoning Residential

Direction Main st to Jefferson st, left on walnut st, properties are on the left.

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Water Access Desc Connected,Public

Building

Dwelling Type Duplex

Entry Level One

Sewer Public Sewer

Water Connected, Public

Architectural Style One Story

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 0110272700

Acceptable Financing Cash, Conventional, USDA Loan

Listing Terms Cash, Conventional, USDA Loan

Listed by RE/MAX Advantage

CIC Indiana

Broker

+1(833) 242-7007

CIC Indiana

1127 Walnut ST Madison, IN 47250

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1127 Walnut ST