Prime Investment Opportunity! Don’t miss this rare chance to own a well-located multi-unit property at the corner of Madison and 16th Street. Zoned RM - Residential Multi Family. The property includes six 1-bedroom/1-bath apartments plus an attached 4-bedroom/1.5-bath house. Income Potential: Fully rented, the property generates approximately $6,200 per month. Tenant-Paid Utilities: Tenants are responsible for their own utilities, minimizing owner expenses. Appliances Included: Each apartment is equipped with a refrigerator and range; the house includes a refrigerator, range, washer, and dryer. Permits & Compliance: Occupancy permit for 35 in place and valid through 2/1/2028. Zoned RM. Showing Availability: Two apartments are currently vacant and available for immediate showings. Additional unit showings may be arranged for serious buyers. This property combines strong cash flow potential with a highly desirable location—perfect for both seasoned investors and those looking to expand their portfolio. The owner is open to bundling this property with other properties in his portfolio.
Listing courtesy of Alice Chastain from RE/MAX Acclaimed Properties. Cell: 812-322-6256
Selling Office: Griffin Realty Holdings LLC.Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 
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