Residential Income For Sale

701-703 College Avenue, Rensselaer, Indiana

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Property Description

Excellent Investment Opportunity! This well-maintained, fully furnished duplex offers established rental income and a convenient location. Both units are furnished and ready for continued use, providing added value and convenience for the next owner. Each unit offers a living room, dining area, fully-applianced kitchen, tiled bathroom w/heated floors, 2 bedrooms, & 1 car att. garage. Also, each patio door leads to their own private outdoor patio space, making this property an attractive option for an investor seeking an income-producing property. The property also provides flexibility for an owner-occupant who may choose to live in one unit while renting the other. In addition, future strategy potential exists to explore possibly a condominium conversion. Conveniently located on a corner lot in town, just off the I-65/SR 114 corridor, this property combines location, condition, furnishings, & income potential. Whether you’re looking to expand an investment portfolio, pursue an owner-occupied strategy, or explore the potential for future condominium conversion and separate sale, this property offers multiple possibilities.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA844081
Price : $369,900
Bedrooms : 4
Rooms : 10
Bathrooms : 2
Half Bathrooms : 0
Year Built : 2012
Lot Area : 8,015 Sqft
Status : Active
Acres : 0.184
Property Subtype 1 : Duplex
Status : Active
Features
Heating System : Forced Air, Natural Gas, Unit Control
Pet Policy : Yes
Parking : Attached, Garage Door Opener, Driveway, Garage Faces Front, Concrete
Exterior Features : Other, Private Yard
Interior Features : Other, Ceiling Fan(s)
Appliances
Appliances : Microwave, Dryer, Refrigerator, Washer, Dishwasher, Gas Range, Gas Water Heater
Address Map
Country : US
State : IN
County : Jasper
City : Rensselaer
Street : College
Street Number : 701-703
Street Suffix : Avenue
Postal Code : 47978
Floor Number : 0
Longitude : W88° 50' 38.6''
Latitude : N40° 56' 27.7''
Directions : Home is located on the Northeast corner of Hwy 114 (Clark Street) and North College Avenue.
Subdivision : Thompsons Add
Township : Marion
MLS Addon
Office Name : Jenkins Real Estate, Inc.
Listing Agent MLS ID : NRA3325
Listing Office MLS ID : NRA452
Annual Tax Amount : $1,990
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential Income For Sale
  • Listing ID : NRA844081
  • Bedrooms : 4
  • Bathrooms : 2
  • Lot Area : 8,015 Sqft
$369,900
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent