Turnkey 3-Unit Investment! Immediate Cash Flow! Don’t miss this fully renovated 3-unit multifamily property offering strong income potential from day one. 1 of the three units are already tenant-occupied, providing immediate cash flow with minimal upfront stabilization needed. Each unit features a 2-bedroom, 1-bath layout, making it highly desirable for long-term rental demand. The property has been extensively updated, reducing maintenance concerns and capital expenditures for years to come. Recent Improvements Include: New roof, New water heaters, New plumbing, Fully renovated kitchens and bathrooms, Fresh paint, updated flooring, trim, and fixtures throughout, Newly built front porch and stairs. Interior Upgrades: Modern kitchens with grey shaker cabinetry, black hardware, marble-look countertops, and durable tile flooring. Bathrooms feature updated vanities, marble-look tile surrounds, and matte black fixtures, designed for durability and tenant appeal. With major mechanicals already updated and two units producing income, this is a low-maintenance addition to any rental portfolio. Ideal for investors seeking a stabilized asset or owner-occupants looking to offset their mortgage with rental income.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA834237
Price : $274,900
Bedrooms : 6
Rooms : 15
Bathrooms : 3
Half Bathrooms : 0
Year Built : 1920
Lot Area : 3,697.59 Sqft
Status : Active
Acres : 0.0849
Property Subtype 1 : Triplex
Status : Active
Features
Heating System : Forced Air
Pet Policy : No
Parking : Detached
Exterior Features : Rain Gutters, Lighting
Interior Features : Recessed Lighting, Laminate Counters
Appliances
Appliances : Refrigerator, Range
Address Map
Country : US
State : IN
County : Lake
City : East Chicago
Street : Catalpa
Street Number : 3906
Street Suffix : Street
Postal Code : 46312
Floor Number : 0
Longitude : W88° 33' 34.1''
Latitude : N41° 38' 32''
Directions : Columbus to Alder north to 1/37 turn east to Catalpa and go south