Cedar Lake, IN 46303,12986 Colfax ST
Cedar Lake, IN 46303,12986 Colfax ST
Cedar Lake, IN 46303,12986 Colfax ST
$341,000
Est. payment /mo
$325,000
4.9%
Est.Price: ?

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4 Beds
2 Baths
12,632 SqFt
SOLD DATE : 08/16/2024

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

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Listed by @properties/Christie's Intl RE
Bought with BHHS Executive Realty

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Jaime Birks

+1(708) 925-2352

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