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Key Details
Sold Price $265,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,976 sqft
Price per Sqft $134
Subdivision Starhill Acres
MLS Listing ID 524200
Sold Date 03/01/23
Bedrooms 5
Full Baths 2
Half Baths 1
Year Built 1976
Lot Size 0.294 Acres
Acres 0.294
Lot Dimensions 101x27
Property Description
This two-unit duplex offers one 3 bed/1.5 bath unit and one 2 bed/1 bath unit. Current rent levels already generate positive cash flow each month and there is an opportunity to enhance returns by better aligning rents to market levels. This property makes a great addition to an existing portfolio or can serve as a starting point for an aspiring investor looking to diversify into real estate. Live in the 3-bedroom side, which also features an attached 2-car garage, and use the rental income from the other side to cover expenses.The 3-bedroom unit is currently rented for $1,250 per month, and the 2-bedroom is rented for $715 per month. Both units feature laminate wood flooring in the living areas and carpeting in the bedrooms. Tenants are responsible for all utilities, except for a $13 monthly sewer charge for each unit.This property features an all-brick, low-maintenance exterior, a BRAND NEW roof, a separate driveway for each unit, and no backside neighbors.
Location
State IN
County Porter
Interior
Interior Features Elevator
Heating Forced Air, Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
View true
Others
Tax ID 640325351007000023
SqFt Source Assessor
Acceptable Financing NRA20240110222623503215000000
Listing Terms NRA20240110222623503215000000
Financing Cash
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Bought with Generic Office