Chesterton, IN 46304,1103-1105 Penny LN
Chesterton, IN 46304,1103-1105 Penny LN
Chesterton, IN 46304,1103-1105 Penny LN
$265,000
Est. payment /mo
$274,900
3.6%
Est.Price: ?

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5 Beds
3 Baths
1,976 SqFt
SOLD DATE : 03/01/2023

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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Listed by Realty Executives Premier
Bought with Generic Office

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Jaime Birks

+1(708) 925-2352

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