INVESTMENT
$ 49,900.00
- Post Updated:
2020-03-25 05:00:29 - MLS #:
202010305 - Status:
Active - Type:
Duplex - Year built:
1900 - Area:
2830 sq ft - Lot Dimensions:
45×139
Description
Not Your Typical Investment Property! This one is IMMACULATE! 2 Unit Property with long term tenants, leased thru March 2020. Main Level Unit features 2 Bedrooms, 1 Full Bath w/ washer/dryer hookup, Living Room, Dining Room, & Equipped Kitchen. Upper Level Unit features 2 Bedrooms, 1 Full Bath, & Equipped Kitchen. Low Maintenance Vinyl Exterior, Roof 10 years old, Newly Refinished Hardwood Floors are beautiful! Enclosed Front Porch. Generates $1050 per month with owner paying water & gas or $850 per month with tenant paying all utilities. Owner is retiring from the rental business. GREAT OPPORTUNITY!
View on map / Neighborhood
- LOCATION: City/Town/Suburb
- Township: Center
- Directions to Property: From N. Washington Street travel east on Grant Street one block to N. Adams Street, then north on Adams to property.
Schools
- School District: Marion Community Schools
- Elementary: Allen/Justice
- Middle School: McCulloch/Justice
- High School: Marion
Rooms & Units Description
- Bedrooms: 4
- Total # Full Baths: 2
- Bathrooms: 2
- # Above Grade Bedrooms: 4
- Number of Buildings: 1
- Number of Units: 2
- Unit 1-# of Bedrooms: 2
- Unit 2-# of Rooms: 4
- Unit 2-# of Bedrooms: 2
- Num. of Units Rented: 2
- Unit 1-Lease Exp. Date: 2020-03-01
- Unit 2-Lease Exp. Date: 2020-03-01
- Unit 1-Unit #: A
- Unit 1-Level: Main
- Unit 1-Currently Rntd Y/N: Yes
- Unit 1-Rent Frequency: Monthly
- Unit 1-Basement Y/N: Yes
- Unit 1-Garage Y/N: No
- Unit 1-Garage Type: None
- Unit 1-Gas: Owner
- Unit 1-Electric: Tenant
- Unit 2-Unit #: B
- Unit 2-Level: Upper
- Unit 2-Currently Rntd Y/N: Yes
- Unit 2-Rent Frequency: Monthly
- Unit 2-Basement Y/N: No
- Unit 2-Garage Y/N: No
- Unit 2-Garage Type: None
- Unit 2-Gas: Owner
- Unit 2-Electric: Tenant
- Unit 1-Laundry Room: Bathroom
- Unit 2-Laundry Room: None
- Outbuilding: None
- Unit 1 SqFt: 1264
- Unit 2 SqFt: 1044
- Num. of 2 Bedrooms: 2
- Unit 1-Unit Rent $: 575
- Unit 2-Unit Rent $: 575
- Unit 1-# of Bathrooms: 1
- Unit 2-# of Bathrooms: 1
- Unit 1-# of Rooms: 5
Property Details
- LOT DESCRIPTION: Level,Slope
- Stories: 2
- Total Finished SqFt: 2308
- Below Grade Unfin. SqFt: 522
- Upper Level SqFt: 1044
- Main Level SqFt: 1264 1264
- Approx. Lot Size SqFt: 6098
- Above Grade Finished SqFt: 2308
- Total Below Grade SqFt: 522
- Sale/Rent/Auction: For Sale
- Approx. Lot Size Acres: 0.14
- Subdivision: Other
- Style: Two Story
- New Construction: No
- Area: Grant County
- Parcel# ID: 27-07-06-104-002.000-002
- Age: 120
- Planned Unit Dev. Y/N: No
- Auction Y/N: No
- SALE INCLUDES: Building,Land
- LEASE TERM: 1 Year
- Unbranded Virtual Tour: https://www.propertypanorama.com/instaview/irmls/201935778
Property Features
- Pool Y/N: No
- Platted Y/N: Yes
- Waterfront Y/N: No
- FLOORING: Wood,Vinyl
- CABLE COMPANY: Spectrum
- DRIVEWAY: Gravel
- ELECTRIC COMPANY: AEP/I&M
- ROOF MATERIAL: Asphalt,Shingle
- FENCE: None
- AMENITIES: Ceiling Fan,Attic-Walk-up,Cable Available,Cable Ready,Ceiling-9+,Countertops-Laminate,Porch Enclosed,Water Heater Electric,Washer Hook-Up,Other-See Remarks
- ARCHITECTURAL STYLE: Traditional
- WATER FEATURES: None
- COOLING: Window
- HEATING/FUEL: Gas,Hot Water
- EXTERIOR: Vinyl
- Road Access: City
- Road Surface: Asphalt
- Sewer: City
- Water Utility: City
- Basement Y/N: Yes
- BASEMENT/FOUNDATION: Crawl,Partial Basement,Unfinished
- COMMON AMENITIES: None
- GAS COMPANY: Vectren Energy
- WATER COMPANY: Marion Utilities
- SEA WALL TYPE: None
- PARKING: Off Street,Street
- # Water Meters: 1
- # Electric Meters: 2
- # Gas Meters: 1
- # of Refrigerators: 2
- # of Ranges/Ovens: 2
- # of W/D Hookups: 1
- # of Parking Spaces: 2
- Pet Restrictions Y/N: No
Financials
- Assoc. Dues Frequency: Not Applicable
- Assoc. Restrictions Y/N: No
- Year Taxes Payable: 2019
- Annual Gross Rent $: 12600
- Gross Monthly Rent: 1050
- Gross Monthly Income: 1050
- Annual Property Tax: 824
- Annual Net Income: 11776
Courtesy of
- Listing Office: RE/MAX Realty One
Disclaimer
IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing information last updated Monday, September 14th, 2020 at 5:00 AM UTC