111 E Ninth Street, Madrid, IA 50156

Great opportunity to add to or start your rental portfolio with this 3-plex in the heart of Madrid! This 2-story multi-family property sits on a spacious double lot and features fresh exterior and interior paint along with new carpet. It includes three 1-bed, 1-bath units. Two are on the main level and one upstairs. One main-floor unit offers a non-conforming bedroom/flex space. One unit is currently rented, providing immediate income. The nearby High Trestle Trail adds appeal for renters. The extra .23-acre lot to the north is perfect for adding a shop or future expansion. A smart investment with long- or short-term rental potential. Schedule your showing today!