Goshen, IN 46550 308 E Madison Street

$324,900

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Presented By: Drew Overmyer with At Home Realty Group; Office: 574-968-0100
  • MLS# 202515178
  • 04/29/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • Beds • 3
  • Baths • 5
  • SQFT • 2,050

Home Details

Cash-flowing 5-unit apartment building for sale! Calling all investors, here is your chance to add 5 updated units to your portfolio and start making money instantly. Brand new roof just installed in 2025. 4 out of 5 units remodeled in 2024. Act quickly, these opportunities do not present themselves often!
Presented By: Drew Overmyer with At Home Realty Group; Office: 574-968-0100

Interior Features for 308 E Madison Street

Bedrooms

Num. of 1 Bedrooms3
Num. of 2 Bedrooms0
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms1
Unit 2-# of Bedrooms1
Unit 3-# of Bedrooms1
Unit 4-# of Bedrooms
Unit 5-# of Bedrooms
Above Grade Bedrooms5
Beds5
Below Grade Bedrooms

Bathrooms

Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Below Grade Baths

Other Interior Features

Unit 3 SqFt650
Unit 1 SqFt725
Unit 4 SqFt550
Unit 2 SqFt600
Unit 5 SqFt560
Total Finished SqFt2050
Basement Y/NYes
Above Grade Finished SqFt2050
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt1020
Num. of Efficiencies2
BasementFull Basement, Unfinished
Dishwasher(s)
Disposal(s)
Dryer(s)1
FlooringMixed
Microwaves
Ranges/Ovens5
Refrigerators5
Total Number of Units5
W/D Hookups
Washers1

Other Rooms

Total Rooms Below Grade1

General for 308 E Madison Street

Age85
Agent First NameDrew
Agent Last NameOvermyer
Annual Electric Expense97.56
Annual Fuel Expense2565.28
Annual Insurance Expense1248
Annual Trash Expense308.15
AreaElkhart County
Assoc. Dues FrequencyNot Applicable
Associated Document Count
Auction Y/NNo
Bathrooms5
CityGoshen
ClassINVESTMENT
CoolingWindow
DOM43
Elementary SchoolWest Goshen
FIPS Code18039
FeaturesWater Heater Gas
Full Baths5
Half Baths
HeatingForced Air
High SchoolGoshen
Legal DescriptionSecond South Add 54X40ft Ne Cor 24
Middle SchoolGoshen
Net Income23629.76
New ConstructionNo
OwnerPaysBuilding Insurance, Electric, Heating, Maintenance, Sewer, Trash Collection, Water
Pet Restrictions Y/NNo
REONo
Rent Income37380
School DistrictGoshen Community Schools
SewerCity
StatusActive
StatusActive
Status Detail0
Stories2
StyleTwo Story
SubdivisionNone
Tax Year2025/2026
Tenant PaysElectric
Total Sq Ft3070
TownshipElkhart
TypeFiveplex
Virtual TourClick here
Year Built1940

Exterior for 308 E Madison Street

Approx. Lot Size Acres0.05
ExteriorVinyl
Lot Description0-2.9999
Lot Dimensions40X54
Lot Size Area2178
Number of Parking Spaces0
OutbuildingNone
PoolNo
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Goshen Middle School
Elementary School West Goshen Elementary School
High School Goshen High School

Virginia Leal

Price $324,900
MLS#202515178
List Date 04/29/2025
Property Type Multi-Family
Phone (708) 407-5404
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