118 Ferry Street, Madison, IN 47250
- $479,900
- 3
- BD
- 3
- BA
- 1,494
- SqFt
- List Price
- $479,900
- Status
- ACTIVE
- MLS#
- 202609731
- Bedrooms
- 3
- Full-baths
- 3
- Sq. Ft
- 1,494
- Acres
- 0.07
- Year Built
- 1900
Property Description
Located just one block from the Ohio Riverfront, this turnkey triplex investment property offers three updated rental units and multiple income streams through existing tenants and a proven AirBnB operation. Unit 1 and 2 feature comfortable one-bedroom layouts with full kitchens, living rooms, and baths, while Unit 3 offers a studio setup with a full bath. Each unit has been thoughtfully updated with luxury vinyl plank flooring, granite countertops, new cabinetry, and stainless-steel appliances within the last 4 years. Additional recent improvements include a newer roof (2023), newly paved patio (2023), new water heaters (Unit 2 & 3), and an added water softener, ensuring low-maintenance ownership for years to come. With off-street parking, attractive river views, and a location that puts residents within walking distance of the waterfront, this is an investment opportunity you won't want to miss!
Additional Information
- Style
- Two Story
- Foundation
- Crawlspace
- Exterior Features
- Balcony, Porch, Patio
- Interior Features
- Kitchen Island, Main Level Primary, Open Floorplan, Pantry, Separate Shower, Utility Room
- Appliances
- Dryer, Dishwasher, Freezer, Microwave, Oven, Range, Refrigerator, Water Softener, Washer
- Basement
- Crawl Space
- Cooling
- Central Air, Wall Unit(s)
- Heating
- Forced Air, Heat Pump
- Sewer
- Public Sewer
- Water
- Connected, Public
Mortgage Calculator
Listing courtesy of F.C. Tucker/Scott Lynch Group.