***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!
Active
$599,000
226 E Washington St, Rensselaer, IN 47978
--beds
--baths
--sqft
Est.:
Quadruplex
Built in 1906
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 130 days
- on Zillow |
- 216 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: December 21, 2024 at 07:57am
Listed by:
Trisha Potts,
RE/MAX Executives 219-987-2230
Source: NIRA,MLS#: 814093
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Appliances
- Included: Dishwasher, Range, Washer, Refrigerator, Microwave, Dryer
- Laundry: In Unit, Multiple Locations
Features
- Ceiling Fan(s), Granite Counters, High Ceilings
- Windows: Blinds, ENERGY STAR Qualified Windows
Interior area
- Finished area above ground: 3,730
Property
Parking
- Parking features: Additional Parking, Asphalt, Direct Access, Common, Attached Carport
- Has carport: Yes
Features
- Levels: Quad-Level
- Patio & porch: Covered, Rear Porch, Front Porch
- Exterior features: Private Entrance
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Downtown
Lot
- Size: 0.25 Acres
- Features: Corner Lot
Details
- Parcel number: 370730020017209027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1906
Utilities & green energy
- Electric: 200+ Amp Service, Separate Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected
Community & HOA
Community
- Features: None
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Varies By Unit
- Subdivision: City/Rensselaer
Location
- Region: Rensselaer
Financial & listing details
- Tax assessed value: $95,400
- Annual tax amount: $1,165
- Date on market: 12/17/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
- Loading
- Loading
