228 S Madison Street, Knightstown, IN 46148
- $120,000
- List Price
- $120,000
- MLS#
- 22098161
- Days on Market
- 97
- Status
- ACTIVE
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
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Additional Information
- Tenant Pays
- Electricity, Gas, Trash Collection
- Owner Pays
- Sewer, Water
- Stories
- One and One Half
- Exterior Amenities
- Storage Shed
- Acres
- 0.17
- Heat
- Natural Gas, Baseboard
- Financing
- Exchange - 1031, Conventional, Other
- Region
- Wayne
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Listing courtesy of Ellsbury Group.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative