Investment opportunity! Affordable duplex (could be used as a single family residence) at the west edge of Winona (behind Dairy Queen). Main level offers living room, kitchen, dining room, 2 bedrooms, 1 bath, laundry hook-up, GFA heat. Currently rents for $650 per month (could be increased). Lower level offers living room, eat-in kitchen, 1 bedroom, 1 bath, EBB heat. Large lot (over three quarters of an acre) with ample parking, attached covered storage area. Gross annual income $13,800 (could be increased), tenants pay gas and electric. Seller pays: water/sewer ($1800 per year), insurance ($1500 per year), real estate taxes ($1640 per year), maintenance (approx $500 per year), lawn care ($450 per year), snow removal (approx $200 per year). NIPSCO gas & electric, city sewer, Indiana American water. Property is in decent condition and in a great location within close proximity to the Village at Winona.
Off market
Zestimate®
$199,300
107 Lakeview Dr, Winona Lake, IN 46590
3beds
1,765sqft
MultiFamily
Built in 1941
-- sqft lot
$199,300 Zestimate®
$113/sqft
$1,554 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Forced air, Electric, Gas
Cooling
- None
Appliances
- Laundry: Washer/Dryer Hookups, Unit 1 Laundry Room(Kitchen), Unit 2 Laundry Room(None)
Features
- Eat-in Kitchen, Storage
- Flooring: Tile, Carpet, Linoleum / Vinyl
- Basement: Finished
- Has fireplace: Yes
- Fireplace features: masonry
Interior area
- Structure area source: Assessor
- Total interior livable area: 1,765 sqft
- Finished area below ground: 720
Property
Parking
- Total spaces: 6
- Parking features: Carport, Garage
Features
- Entry location: Unit 1 Level(Upper),Unit 2 Level(Lower)
- Patio & porch: Deck
- Exterior features: Vinyl
- Waterfront features: No Water Features
Lot
- Size: 0.78 Acres
- Features: Irregular Lot, Rolling Slope, City Lot, City/Town/Suburb
Details
- Parcel number: 431116100137000033
- Zoning: City Zoning(R1)
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- Year built: 1941
Utilities & green energy
- Electric: NIPSCO
- Gas: NIPSCO
- Sewer: City
- Water: City, Indiana American Water Co
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Winona Lake
HOA & financial
Other financial information
- Total actual rent: 13800
Other
Other facts
- Flooring: Carpet, Vinyl Tile
- Heating: Baseboard, Forced Air, Electric, Natural Gas
- Roof: Shingle
- Basement: Finished, Walk-Out Access, Block
- HeatingYN: true
- Utilities: Cable Available
- NumberOfUnitsTotal: 2
- PatioAndPorchFeatures: Deck
- RoomsTotal: 8
- TenantPays: Cable TV, Electricity, Heating, Fuel, Unit 1 Electric, Unit 2 Electric, Unit 1 Gas
- LeaseTerm: 12 Months, Unit 1 Rent Frequency(Monthly), Unit 2 Rent Frequency(Monthly)
- OwnerPays: Sewer, Trash Collection, Water, Maintenance
- ConstructionMaterials: Vinyl Siding, Aluminum Siding
- NumberOfBuildings: 1
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Driveway, Off Street, Unpaved, Gravel Driveway
- TrashExpense: 0
- NumberOfUnitsLeased: 1
- RoadFrontageType: City Street
- MaintenanceExpense: 500
- LivingAreaSource: Assessor
- BelowGradeFinishedAreaSource: Assessor
- BuildingAreaSource: Assessor
- OpenParkingYN: true
- SecurityFeatures: Smoke Detector(s)
- LotFeatures: Irregular Lot, Rolling Slope, City Lot, City/Town/Suburb
- WaterSewerExpense: 1800
- InteriorFeatures: Eat-in Kitchen, Storage
- BelowGradeFinishedArea: 720
- ElectricExpense: 0
- FuelExpense: 0
- InsuranceExpense: 1500
- GrossIncome: 1150
- RoadSurfaceType: Asphalt
- TotalActualRent: 13800
- NumberOfSeparateElectricMeters: 2
- NumberOfSeparateGasMeters: 2
- WaterSource: City, Indiana American Water Co
- NumberOfSeparateWaterMeters: 1
- AboveGradeFinishedAreaSource: Assessor
- LaundryFeatures: Washer/Dryer Hookups, Unit 1 Laundry Room(Kitchen), Unit 2 Laundry Room(None)
- PetsAllowed: Pet Restrictions
- OtherExpense: 650
- Sewer: City
- MlsStatus: Cont-AccptngBackupOffers
- WaterfrontFeatures: No Water Features
- Zoning: City Zoning(R1)
- Gas: NIPSCO
- Electric: NIPSCO
- EntryLocation: Unit 1 Level(Upper),Unit 2 Level(Lower)
- NetOperatingIncome: 7709
- TaxAnnualAmount: 1641
- Road surface type: Asphalt