$180,000
$200,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
7,840 Sqft Lot
SOLD DATE : 09/30/2024
Key Details
Sold Price $180,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Woodwards
MLS Listing ID 21987435
Sold Date 09/30/24
Year Built 1950
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Build your portfolio with this high demand rental area duplex. Or live upstairs and let the other unit's rent help cover your mortgage! Lower (larger) unit currently rents for $1,100 a month, upper unit was rented for $600 a month and could be increased now. Tenant moved from upper unit to lower unit once it was renovated. Spacious lower unit is 3 bedrooms and 2 full bathrooms. New flooring, paint, cabinets, bath finishings, and more- fully refurbished June 2024! Upper unit (2 beds 1 bath) can still be updated to increase rent. Lower unit is currently leased through July 2025. Showings available on upper unit until offer is accepted. Listing photos are all of lower unit. Owner currently pays utility bills and agreement in place is that the lower unit reimburses for 2/3 of the cost, and 1/3 for upper unit for City of Lapel bill (ranges from $120 in summer to $300 in winter.) Duke bill can be separated by unit if desired, (metered separately) & runs less than $100 per month.
Location
State IN
County Madison
Interior
Fireplace N
Building
Story Two
Foundation Slab, Crawl Space
Architectural Style TraditonalAmerican
Structure Type Block,Wood
New Construction false
Schools
School District Frankton-Lapel Community Schools
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© 2024 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.