226 E Washington Street
Rensselaer, IN 47978
0.25 acres | #814093
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!
Property Details
- Utility FeaturesElectricity Connected, Sewer Connected, Water Connected, Natural Gas Connected
- Parking FeaturesAdditional Parking, Asphalt, Direct Access, Common, Attached Carport
- AppliancesDishwasher, Range, Washer, Refrigerator, Microwave, Dryer
- InteriorCeiling Fan(s), Granite Counters, High Ceilings
- Basement DescriptionApartment, Finished
- Parcel Number370730020017209027
- Property ConditionUpdated/Remodeled
- Exterior MaterialsPrivate Entrance
- SubdivisionCity/Rensselaer
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Lot FeaturesCorner Lot
- StoriesQuad-Level
- Lot DescriptionCorner Lot
- Property SubtypeQuadruplex
- ViewDowntown
- Parking TypeGarage
- Utility SourcePublic
- CountyJasper
- Taxes Annual$1,165
- MLS #814093
- Cost599000
- MLS #814093
- Acres0.251
- Year Built1906
- PetsCall
- Basement1
- Basement Finished1
Location
Legal
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Last Updated: . Source: NIRAMLS
Listing Courtesy
Listing Agent: Trisha Potts (#NRA12775), Email: trishamariepotts@gmail.com
Listing Office: RE/MAX Executives (#NRA1811)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
