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Off market
    • $216,000

    152 S Madison St, Nappanee, IN 46550

    5beds
    2,040sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $216,000 Zestimate®
    $106/sqft
    $1,025 Estimated rent

    Owner options

    List your home for rent

    $1,025/mo

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    $1,025/mo

    Rent Zestimate®

    Refinance and save

    $1,064/mo

    Est. payment

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    $1,064/mo

    Est. payment

    What's special

    Awesome 3 unit home in desirable Nappanee, Indiana. It is rare to find a solid multi-unit home in this town, so act fast. This home with beautiful natural woodwork offers a downstairs 2 bed 1 bath unit (potential rent over $800/mo), upstairs 2 bed 1 bath unit (currently rented at $775/mo), and an efficiency unit in a separate building (potential rent $500/mo). Currently, owner pays all utilities. This could be the perfect addition to your rental portfolio and offer a great return on investment!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 5
    Heating
    • Other, Gas
    Cooling
    • None
    Features
    • Basement
    • Flooring: Carpet, Hardwood
    • Basement: Partially finished
    • Has fireplace: Yes
    • Fireplace features: masonry
    Interior area
    • Total interior livable area: 2,040 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Detached
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 8,712 sqft
    • Topography: Level
    Details
    • Parcel number: 201431302007000029

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story
    Materials
    • Frame
    • Roof: Other
    Condition
    • Year built: 1920

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: City

    Community & neighborhood

    Location
    • Region: Nappanee

    Other

    Other facts
    • Flooring: Wood, Carpet
    • Sewer: Public Sewer
    • Topography: Level
    • Roof: Shingle
    • ArchitecturalStyle: Two Story
    • HeatingYN: true
    • Heating: Natural Gas, Conventional
    • NumberOfUnitsTotal: 3
    • ConstructionMaterials: Vinyl Siding
    • CurrentFinancing: Conventional, Cash
    • FoundationDetails: Block
    • LeaseTerm: Month To Month
    • OwnerPays: Water, Electricity, Common Area Maintenance, Maintenance, Heating
    • MainLevelBathrooms: 5
    • FarmLandAreaUnits: Square Feet
    • TrashExpense: 0
    • NumberOfUnitsLeased: 1
    • MaintenanceExpense: 500
    • ParkingFeatures: Off Street
    • BelowGradeFinishedArea: 0
    • ElectricExpense: 1800
    • InsuranceExpense: 1200
    • Gas: Gas
    • InteriorFeatures: Basement
    • CommunityFeatures: City/Town/Suburb
    • WaterSource: City
    • FuelExpense: 1200
    • GrossIncome: 2075

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