Residential Income For Sale

226 Washington Street, Rensselaer, Indiana

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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!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA814093
Price : $599,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1906
Lot Area : 10,934 Sqft
Status : Active
Acres : 0.251
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Forced Air, Natural Gas
Basement : Yes
Pet Policy : Call
Parking : Common, Additional Parking, Asphalt, Direct Access, Attached Carport
Exterior Features : Private Entrance
Interior Features : Ceiling Fan(s), Granite Counters, High Ceilings
Appliances
Appliances : Microwave, Dryer, Refrigerator, Washer, Dishwasher, Range
Address Map
Country : US
State : IN
County : Jasper
City : Rensselaer
Street : Washington
Street Number : 226
Street Suffix : Street
Postal Code : 47978
Floor Number : 0
Longitude : W88° 51' 3.9''
Latitude : N40° 56' 15.8''
Directions : McKinley to Washington, property on the corner.
Subdivision : Freedom Spgs #1
Township : Marion
MLS Addon
Office Name : RE/MAX Executives
Listing Agent MLS ID : NRA12775
Listing Office MLS ID : NRA1811
Annual Tax Amount : $1,165
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2023
Residential Income For Sale
  • Listing ID : NRA814093
  • Bedrooms : 0
  • Bathrooms : 0
  • Lot Area : 10,934 Sqft
$599,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent