Rare Investment Opportunity – Multi-Unit Property on 1.6 Acres in Porter County Discover the potential of this unique rural property situated on 1.6 acres in desirable Porter County. Currently configured as a 3-unit income-producing property, it offers a fourth unit partially built out–ready for your finishing touches. Live in one unit while generating income from the others, or lease all four for maximum returns. Gross Annual Income – 38,400 with significant upside when the 4th unit is completed and new leases are secured Flexibility – Easily convert into a spacious single-family homestead or keep as a lucrative rental investment Land – Expansive 1.6-acre lot with privacy and room for potential future additions or enhancements. Don’t miss this rare chance to own a versatile, income-generating property in a peaceful rural setting with plenty of upside. Call to schedule walk-through today.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA819831
Price : $395,000
Bedrooms : 8
Rooms : 15
Bathrooms : 3
Half Bathrooms : 0
Year Built : 1995
Lot Area : 69,783 Sqft
Status : Active
Acres : 1.602
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Forced Air, Natural Gas
Basement : Yes
Pet Policy : No
Parking : Off Street, Driveway
Exterior Features : Private Yard
Interior Features : No
Appliances
Appliances : Dryer, Refrigerator, Washer, Gas Range
Address Map
Country : US
State : IN
County : Porter
City : Valparaiso
Street : 500
Street Number : 143
Postal Code : 46385
Floor Number : 0
Longitude : W88° 50' 17.5''
Latitude : N41° 27' 18.8''
Directions : US 30 to N 500 W - South Property located on east side of street