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$599,000

Est. payment - /mo

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10,934 SqFt

Active

226 E Washington ST Rensselaer, IN 47978

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Christina Steele

christina@maptorealestate.com +1(574) 209-1010

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 10,934 sqft

Price per Sqft $54

Subdivision City/Rensselaer

MLS Listing ID 814093

Year Built 1906

Annual Tax Amount $1,165

Tax Year 2023

Lot Size 0.251 Acres

Acres 0.251

Property Sub-Type Quadruplex

Property Description

***Investment Opportunity*** ***Immediate Passive Income***Great opportunity to expand your real estate portfolio with this completely remodeled 4 unit. Enjoy the benefits of passive income for years to come! Every inch of this property has been remodeled with quality work, craftsmanship, and high end materials and finishes, including spray foam insulation, energy star windows, high efficiency HVAC systems and MORE. Located in the heart of Rensselaer's business district, tenants can walk to work, the pharmacy, the local restaurants, and more. Unit makeup consists of 1- 2 bed/ 1 bath, 2- 2 bed/ 2 bath, and 1- 1 bed/ 1 bath with loft space. Gross rents total $55,000 annually, owner pays taxes, insurance, ground maintenance and snow removal. Tenants pay ALL utilities. With over an 8% cap rate when fully rented, this investment opportunity awaits its new beneficiary! Call an agent today!

Location

State IN

County Jasper

Interior

Interior Features Ceiling Fan(s), Granite Counters, High Ceilings

Heating Forced Air, Natural Gas

Fireplace N

Appliance Dishwasher, Range, Washer, Refrigerator, Microwave, Dryer

Exterior

Exterior Feature Private Entrance

View Y/N true

View true

Building

Lot Description Corner Lot

Story Quad-Level

Others

Tax ID 370730020017209027

SqFt Source Assessor

Acceptable Financing NRA20241217174039003124000000

Listing Terms NRA20241217174039003124000000

Pets Allowed Call

Listed by RE/MAX Executives

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