Welcome investors to this fully occupied 7 unit apartment complex in LaFontaine, Indiana! This property includes a 4plex, a duplex, and a 2-bed single family home with an attached garage. With gross monthly rents equal to $4,675 you are sure to find this to be your next great investment and source of passive income. Tons of updates have been done over the past 14 months. Units 4,5,6 have been fully remodeled. The 4plex had a brand new roof professionally installed June 2023. Various other updates and repairs have been done to all units. All units run on electric, and tenants pay their own electric bills. Community, off street parking for units 1-6, unit 7 has a private driveway and garage. Make sure to check this out and have this property be the next addition to your portfolio!
Closed
$400,000
405 Rennaker St, La Fontaine, IN 46940
8beds
4,116sqft
Multi Family
Built in 1983
-- sqft lot
$-- Zestimate®
$--/sqft
$1,479 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,479/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 30, 2024 at 02:06pm
Listed by:
Payton T Deeter Cell:260-571-1246,
Terrell Realty Group, LLC
Bought with:
Amanda Zumbrun, RB22002029
Siders Premiere Properties, LLC
Source: IRMLS,MLS#: 202414038
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Baseboard
Cooling
- Window Unit(s), None
Features
- Flooring: Laminate
- Has basement: No
Interior area
- Total structure area: 4,116
- Total interior livable area: 4,116 sqft
- Finished area above ground: 4,116
- Finished area below ground: 0
Property
Parking
- Total spaces: 7
- Parking features: Off Street Parking
Features
- Stories: 1
Lot
- Size: 0.50 Acres
- Dimensions: 66x132
- Features: Level
Details
- Additional structures: None
- Parcel number: 851927100003.000006
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: La Fontaine
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 56100
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2024 | Sold | $400,000-11.1% |
Source:  IRMLS #202414038 Report a problem | ||
| 5/7/2024 | Pending sale | $450,000 |
Source: IRMLS #202414038 Report a problem | ||
| 4/25/2024 | Listed for sale | $450,000+38.5% |
Source: IRMLS #202414038 Report a problem | ||
| 1/13/2023 | Sold | $325,000 |
Source: IRMLS #202247883 Report a problem | ||
| 12/2/2022 | Contingent | $325,000 |
Source: IRMLS #202247883 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,638 -0.7% | $78,900 -3.7% |
| 2023 | $1,650 +1.5% | $81,900 -0.7% |
| 2022 | $1,626 | $82,500 +1.5% |
Find assessor info on the county website
Neighborhood: 46940
Nearby schools
GreatSchools rating
- 6/10Southwood Elementary SchoolGrades: PK-5Distance: 4.9 mi
- 6/10Southwood Jr-Sr High SchoolGrades: 6-12Distance: 5.1 mi
- 2/10White's Jr-Sr High SchoolGrades: 6-12Distance: 5.6 mi
Schools provided by the listing agent
- Elementary: Southwood
- Middle: Southwood
- High: Southwood
- District: MSD of Wabash County Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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