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Description

Attention Investors! This fully occupied 8-unit apartment building presents a stable income opportunity. All units are currently leased, minimizing vacancy risk. The property offers a mix of seven 2-bedroom units and one efficient 1-bedroom unit, catering to a variety of renters. Each unit boasts refrigerators and ovens, with seven units offering washer and dryer access for added convenience. Gas-forced air heating and central AC provide year-round comfort for residents. Individual gas and electric meters ensure fair utility billing, while owner-paid water and gas simplify tenant expenses. Currently, the owner covers lawncare, gas and water, while the tenants cover electricity. The building has 7 gas meters and 8 electric meters.14 off-street parking spots ensure residents won’t have to worry about parking hassles. This property is offered “as-is,” allowing you to add your personal touch and maximize your return.

Details

  • Property Details

  • MLS #:
    202419303
  • Price
    $479,900
  • Bedrooms
    15
  • Baths Total
    8
  • Full Baths
    8
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.37
  • Approx. Lot Size SqFt
    16,250
  • Class
    Investment
  • DOM
    8
  • Lot Dimensions
    100X162.5
  • New Construction
    No
  • Parcel ID#
    85-14-63-203-059.000-009
  • Property Sub-Type
    Eightplex
  • State
    IN
  • Style
    One Story
  • Subdivision
    None
  • Total Finished SqFt
    6,367
  • Total SqFt
    6,367
  • Year Built
    1964
  • Zip
    46992-3500
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

  • Pool Y/N
    No
  • Waterfront Y/N
    No

Last updated: June 25 2024, 5:04 PM

Listing courtesy of: Jordan Wildman, eXp Realty, LLC

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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