This is a 3 unit rental property with downstairs 1 bdrm, 1 bath @ $700/month utilities included and upstairs A- $500/mo including utilities and upstairs B-$700/mo including utilities. Great investment rental income possibility!
Off market
Zestimate®
$186,800
206 E Broad Ave, Nappanee, IN 46550
4beds
2,304sqft
MultiFamily
Built in 1949
-- sqft lot
$186,800 Zestimate®
$81/sqft
$1,255 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Heating
- Forced air, Other, Gas
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Carpet, Hardwood, Laminate
- Basement: Crawl Space, Block
- Has fireplace: No
Interior area
- Structure area source: Assessor
- Total interior livable area: 2,304 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Off-street
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
- Patio & porch: Porch
- Exterior features: Vinyl, Cement / Concrete
- Has view: Yes
- View description: Territorial, City
Lot
- Size: 6,839 sqft
- Features: Level, City/Town/Suburb
Details
- Parcel number: 201431103014000029
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Other
Condition
- Year built: 1949
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: Nappanee
HOA & financial
Other financial information
- Total actual rent: 21600
Other
Other facts
- Appliances: Range/Oven, Refrigerator
- Roof: Asphalt
- HeatingYN: true
- Heating: Natural Gas, Hot Water
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Aluminum Siding
- LotFeatures: Level, City/Town/Suburb
- LeaseTerm: Unit 1 Rent Frequency(Monthly), Unit 2 Rent Frequency(Monthly), Unit 3 Rent Frequency(Monthly)
- OwnerPays: Water, Electricity, Heating, Unit 1 Electric, Unit 3 Electric, Unit 2 Electric, Unit 2 Gas, Unit 3 Gas
- Basement: Crawl Space, Block
- NumberOfBuildings: 1
- NumberOfUnitsLeased: 3
- FarmLandAreaUnits: Square Feet
- TrashExpense: 0
- GrossIncome: 1800
- MaintenanceExpense: 480
- LivingAreaSource: Assessor
- BelowGradeFinishedAreaSource: Assessor
- BuildingAreaSource: Assessor
- PatioAndPorchFeatures: Porch
- BelowGradeFinishedArea: 0
- FuelExpense: 900
- WaterSewerExpense: 1020
- TotalActualRent: 21600
- NumberOfSeparateElectricMeters: 3
- NumberOfSeparateGasMeters: 1
- WaterSource: City
- Flooring: Mixed
- NumberOfSeparateWaterMeters: 1
- InsuranceExpense: 1440
- AboveGradeFinishedAreaSource: Assessor
- PetsAllowed: Pet Restrictions
- ElectricExpense: 900
- Sewer: City
- OtherExpense: 66
- MlsStatus: Active
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
- NetOperatingIncome: 14971
- TaxAnnualAmount: 1823
- ListPriceLow: 325000