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Listed by Justin Lowe • Ellsbury Group
$ 120,000
Est. payment /mo
New
228 S Madison ST Knightstown, IN 46148
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22098161
Year Built 1950
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Triplex
Property Description
This triplex located at 228 South Madison Street in Knightstown, Indiana. Built in 1950, the property features three units with efficient layouts and offers significant value-add potential. With one unit already renovated and ready for immediate occupancy, an investor can generate rental income while completing the remaining two units. The property consists of two 2-bedroom units and one 1-bedroom unit, appealing to a wide range of tenants. The two-bedroom units include dedicated laundry hookups, a highly desirable amenity that enhances convenience and increases tenant demand. This asset presents a clear opportunity to maximize rental income through strategic renovations and operational improvements, allowing investors to capitalize on existing market inefficiencies. With its efficient unit mix, modern amenities, and substantial upside, this triplex represents a compelling investment opportunity for buyers seeking a high-potential asset
Location
State IN
County Henry
Interior
Heating Natural Gas, Baseboard
Fireplace N
Exterior
Exterior Feature Storage Shed
Building
Story One and One Half
Structure Type Brick,Stucco
New Construction false
Schools
Elementary Schools Knightstown Elementary School
High Schools Knightstown High School
School District C A Beard Memorial School Corp
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