2315 Madison Street

Description

Step into a home that blends modern updates with incredible future potential. 2315 Madison Street welcomes you with a bright, open-concept first floor that feels airy and expansive. Natural light pours across the stylish laminate wood plank flooring, creating a warm atmosphere that flows effortlessly from the living area into the generously sized kitchen. Tucked away for maximum convenience, you’ll also find a dedicated first-floor laundry area that makes daily chores a breeze.Upstairs, the home offers three well-sized bedrooms and a centrally located bathroom, providing a comfortable and functional layout. While currently enjoyed as a spacious single-family residence, this property holds a unique secret: it was originally a duplex and retains its R-2 zoning. This flexibility offers a rare "best of both worlds" scenario for a savvy buyer looking to maintain the current setup or explore the possibilities of the dual-unit zoning down the road.The financial picture is just as bright as the interior. The property is currently generating a steady gross annual income of $17,880, with a tenant on a month-to-month lease as of 9/1/25 paying $1,490 per month. Whether you are looking for a solid performer to add to your portfolio or a versatile property with room to grow, this Madison Street gem is a strategic find in a high-demand area. **Property Summary:*** **Zoning:** Still zoned as a duplex (currently single-family layout)* **Income:** $1,490/mo ($17,880 gross/year)* **Lease:** Month-to-month since 9/1/25* **Features:** Open concept, laminate wood plank flooring, 1st-floor laundry, 3 bedrooms