Great investment opportunity. Nice fourplex built in 1972 in Leesburg. Each unit is one bedroom and 1 bath with a kitchen/dining area and living room. Convenient in town location with city sewer and a 4" well. New well pump installed in 2019. Great rental history - never more than 2 weeks between tenants. Warsaw Schools. Owner pays building insurance, sewer, mowing, snow removal, building lights, softener salt and maintenance. Unit 4's rent includes electric - the well pump breaker is included on unit 4's electric meter. Owner pays for units 4's electric.
Off market
Zestimate®
$239,300
206-206 W School St #208, Leesburg, IN 46538
4beds
2,100sqft
MultiFamily
Built in 1972
-- sqft lot
$239,300 Zestimate®
$114/sqft
$1,338 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- Wall
Appliances
- Included: Garbage disposal, Range / Oven, Refrigerator
- Laundry: Unit 1 Laundry Room(None), Unit 3 Laundry Room(None), Unit 2 Laundry Room(None), Unit 4 Laundry Room(None)
Features
- Ceiling Fan(s), Laminate Counters, Eat-in Kitchen
- Flooring: Carpet, Linoleum / Vinyl
- Basement: Crawl Space, Block
Interior area
- Total interior livable area: 2,100 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
- Exterior features: Wood
- Waterfront features: No Water Features
Lot
- Size: 0.27 Acres
- Features: Level, Corner Lot, 0 to 2.9999 Acres, City/Town/Suburb
Details
- Parcel number: 430708100302.000018
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
Materials
- Roof: Asphalt
Condition
- Year built: 1972
Utilities & green energy
- Sewer: City
- Water: Well
Community & neighborhood
Location
- Region: Leesburg
HOA & financial
Other financial information
- Total actual rent: 24360
Other
Other facts
- Flooring: Carpet, Vinyl
- Heating: Baseboard, Electric
- WaterSource: Well
- Appliances: Range/Oven, Refrigerator, Disposal, Electric Water Heater, Water Softener Owned
- InteriorFeatures: Ceiling Fan(s), Laminate Counters, Eat-in Kitchen
- Roof: Asphalt
- ArchitecturalStyle: Ranch
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 4
- RoomsTotal: 16
- LeaseTerm: 12 Months, Month To Month, Unit 1 Rent Frequency(Monthly), Unit 2 Rent Frequency(Monthly), Unit 3 Rent Frequency(Monthly), Unit 4 Rent Frequency(Monthly)
- OwnerPays: Sewer, Trash Collection, Grounds Care, Insurance, Taxes, Snow Removal, Unit 4 Electric
- ConstructionMaterials: Wood Siding
- LotFeatures: Level, Corner Lot, 0 to 2.9999 Acres, City/Town/Suburb
- Basement: Crawl Space, Block
- NumberOfBuildings: 1
- FarmLandAreaUnits: Square Feet
- TrashExpense: 0
- WaterSewerExpense: 3600
- NumberOfUnitsLeased: 4
- MaintenanceExpense: 500
- OpenParkingYN: true
- TenantPays: Electricity, Heating, Cooling, Unit 1 Electric, Unit 2 Electric, Unit 3 Electric, Unit 1 Gas, Unit 2 Gas, Unit 3 Gas
- CommunityFeatures: Sidewalks
- ParkingFeatures: Off Street, Gravel, Aggregate, Unit 2 Garage TypeNone), Unit 1 Garage TypeNone), Unit 3 Garage TypeNone), Unit 4 Garage TypeNone)
- Cooling: Wall Unit(s)
- BelowGradeFinishedArea: 0
- FuelExpense: 0
- TotalActualRent: 24360
- InsuranceExpense: 1000
- NumberOfSeparateElectricMeters: 4
- NumberOfSeparateGasMeters: 0
- NumberOfSeparateWaterMeters: 0
- PetsAllowed: Pet Restrictions
- OtherExpense: 100
- Sewer: City
- GrossIncome: 2030
- MlsStatus: Cont-AccptngBackupOffers
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
- WaterfrontFeatures: No Water Features
- LaundryFeatures: Unit 1 Laundry Room(None), Unit 3 Laundry Room(None), Unit 2 Laundry Room(None), Unit 4 Laundry Room(None)
- ElectricExpense: 3650
- NetOperatingIncome: 14362