ALL-BRICK RARE INVESTMENT OPPORTUNITY! TWO SEPARATE HOMES ON ONE PROPERTY–each with its own basement and garage…The first home (South Unit) features 3 bedrooms, 1 bath, 1,127 sq. ft., and a 1-car garage…The second (North Unit) offers 2 bedrooms, 1 bath, 1,063 sq. ft., and a 2-car garage…Located in beautiful Cedar Lake…This could be an excellent owner occupy or investment property with long-term investment potential…THERE IS A PICTURE OF EVERYROOM IN THE LISTING…Both homes feature hardwood floors, covered porches, separate basements, and separate garages…Each unit includes a stove, refrigerator, washer, dryer, and an owned water softener…Large backyard provides additional outdoor space for tenants or owner occupants…Major updates include HVAC (2019), roof (2019), water heaters and appliances (2017), well and pump (2014), windows (2010), and blown-in insulation (2009)…Current tenant pays 1,250 (well below market) per month plus gas and electric…Owner currently pays approximately 78 per unit for sewer and garbage service…Property is being sold AS IS with no repairs…Seller discloses minor basement seepage in the South Unit during extreme rainfall events…North Unit experienced minor seepage only after the unusually heavy June 16-18 rain event, which the tenant indicated was the first occurrence in three years…Both chimneys need some repair (OTHER THAN THAT THESE ARE SOLID UNITS)…Hanover schools…Close to dining & shopping…Neither covered porch was ever intended to be used as an entrance that is why there is no stairs to the covered porches…Both covered porches are missing a piece of wrought iron railing…We have both pieces of railing.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA841036
Price : $369,000
Bedrooms : 5
Rooms : 0
Bathrooms : 2
Half Bathrooms : 0
Year Built : 1945
Lot Area : 26,136 Sqft
Status : Active
Acres : 0.6
Property Subtype 1 : Duplex
Status : Active
Features
Heating System : Central, Natural Gas
Basement : Yes
Pet Policy : No
Fireplace : 2
Interior Features : Other
Appliances
Appliances : Dryer, Refrigerator, Washer, Gas Water Heater, Range
Address Map
Country : US
State : IN
County : Lake
City : Cedar Lake
Street : Schneider
Street Number : 13131-35
Street Suffix : Street
Postal Code : 46303
Floor Number : 0
Longitude : W88° 31' 55.7''
Latitude : N41° 22' 46.7''
Directions : 41 / EAST ON 133RD / NORTH ON SCHNEIDER