1515 NW 2nd St Madison, SD $ 950,000
1515 NW 2nd St
$ 950,000
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1515 NW 2nd St

Madison, SD, 57042
$ 950,000
Bedrooms Baths0.0 Sq 11,120

Monthly Estimate*

$ 4,530

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1515 NW 2nd St, Madison, SD 57042 - Image 1
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1515 NW 2nd St, Madison, SD 57042 - Image 8
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1515 NW 2nd St, Madison, SD 57042 - Image 10
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1515 NW 2nd St, Madison, SD 57042 - Image 12
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Multi-Family Home for sale in Madison, SD

for $950,000. This 11,120 square foot home was built in 1968 on a lot size of 4.2695 Acre(s).

This unique property in Madison is a great rental property. The entire compound was completely renovated in 2016. Single family home on site with 4 bedrooms, 2 baths, and attached double garage, along with 3 separate buildings with various different sized units for rent. Current owner has always had a waiting list for tenants. Sits on 4.27 acres, so there is potential for additional buildings to be built on site for additional units. At this price, the cap rate is just over 10%.

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Multi-Family Active

Price

$ 950,000

Property Type

Multi-Family

Style

Other / Unknown

Lot Size

4.2695 Acre(s)

Year Built

1968

Town/City

Madison

County/Region

Lake

MLS | Web ID

21906817

Features
Interior
Appliances Microwave Oven Refrigerator
Flooring Laminate Wood
Sewer City Sewer
Water Source City Water
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Exterior
Garage Paved
Roof Composition Shingles
Siding Hardboard
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Rental
Owner/Landlord Pays Electric Lawn Care Pest Control Sewer Snow Removal Water
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* Excluded Features
List By
Tracy Munce

Listing Agent

Broker

Affordability Calculator

$4,530
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,530
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Default based on a 30-year fixed rate of 3.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Madison Central School District
Madison ES Elementary School
Madison MS Middle School
Madison HS High School

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1515 NW 2nd St, Madison, SD, 57042 is a Multi-Family Home for sale at $950,000 with 11,120 sqft and a lot size of 4.2695 Acre(s). 1515 NW 2nd St has 0.0 baths and was built in 1968. The property's zip code is 57042 which is in Madison, SD