For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $341,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 12,632 sqft
Price per Sqft $26
Subdivision Lemon Lake Estates
MLS Listing ID 805642
Sold Date 08/16/24
Bedrooms 4
Full Baths 2
Year Built 1977
Annual Tax Amount $2,092
Tax Year 2023
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 90 x 140
Property Description
Prime Investment Opportunity in Cedar LakeDiscover an exceptional investment opportunity in the heart of Cedar Lake. This charming ranch-style multi-unit duplex is perfect for savvy buyers looking to capitalize on rental income or enjoy lakeside living while generating revenue. Rent both units or live in one and lease the other.Recent Renovations:Unit 12986 Colfax (Tenant-Occupied):Fully remodeled in 2022/232 bedrooms, new bathroom, living room, galley kitchen, dining room, laundry/utility roomNew flooring, water heater (2022), dishwasher (2021), refrigerator and washer (2023)Unit 6451 W 129th Ave (Owner-Occupied):Fully remodeled in 20222 bedrooms, bathroom, living room with fireplace, galley kitchen, dining room, laundry/utility roomNew flooring, water heater, microwave and refrigerator (2022)Additional Features:Tenants are responsible for their own utilities and lawn/snow maintenance.Each unit includes a sump pump and features a dry crawl space, ensuring a well-maintained environment.New Commercial grade water softener systemNew maintenance-free solid surface deckPrime Location, situated near the coveted Cedar Lake with numerous amenities. Top rated Crown Point Schools.Walking distance to Lemon Lake, offering a serene and picturesque setting.This well-maintained property offers a unique opportunity to own prime real estate in a sought-after lake community. Don't miss out on this amazing investment potential. Possession subject to tenants' rights.
Location
State IN
County Lake
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air, Natural Gas
Fireplaces Number 1
Fireplace Y
Appliance Dishwasher, Washer, Water Softener Owned, Washer/Dryer Stacked, Microwave, Gas Water Heater, Gas Range, Free-Standing Refrigerator, Free-Standing Gas Range, Free-Standing Electric Range, Dryer
Exterior
Exterior Feature Garden
Garage Spaces 2.0
View Y/N true
View true
Building
Lot Description Back Yard, Level, Garden, Landscaped, Corner Lot
Story One
Schools
School District Crown Point
Others
Tax ID 45-15-23-427-025.000-043
SqFt Source Assessor
Acceptable Financing NRA20240611222249957705000000
Listing Terms NRA20240611222249957705000000
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with BHHS Executive Realty