MLS#: 202514352

$495,000 USD

  • Type
    Apartment
  • Bedrooms
    14
  • Bathrooms
    12
  • Home/Lot size
    424m²  (4,561ft²)
The details

Property features

Construction details

  • Year built: 1955

Other features

  • Cooling system: Wall Unit

Area

  • Property size: 424m²  (4,561ft²)
  • Land/Lot size: 190,202m²  (47ac)
  • Bedrooms: 14
  • Bathrooms: 12
  • Total rooms: 26

Description

Multi-family dwelling with 12 seperate units. 8 Studio apartments, currently all leased and under a 1 year lease. (9th unit possible to upgrade) 3 total units in front building, with 2 being apartments and 1 being a commercial space like a hair, nail, tax office and can be converted to a 2 bedroom apartment. The 2 apartments are under leases, with one unit being a 2 bed 1 bath, and one being 3 bed 1.5 baths. Great money making opportunity for an investor, currently bringing in around 6,000 dollars per month in rent. THIS PROPERTY EXCEEDS THE 1% RULE! Get it quick while it is available! Currently under professional property management and manager is willing to stay on and manage for the new buyer! (All room dimensions are estimates)

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Location

New Haven, Indiana