Fantastic investment opportunity! TWO single family homes, individually platted on a partial acre in a quiet country setting 15 minutes south of Warsaw. One home currently rented and could provide income to put towards mortgage of second as owner residence!! City water and sewer. Both homes have been consistently rented in the past. One is currently empty. The structures consist of one home, a 1994 double wide, 1152 square feet, 3 bedroom, 2 full bath, setting on crawl space foundation, fresh paint, NEW carpet and vinyl plank, New light fixtures, open concept, NEW range, vaulted ceiling, split floor plan and open deck. Move right in! The third home is a 1997 single wide, 3 bedroom, 1008 square feet, split floor plan. The property has two sheds, 8x8, & 10x18.
Off market
Zestimate®
$250,900
508 5081/2 S Graceland Ave, Claypool, IN 46510
6beds
2,160sqft
Other
Built in 1994
-- sqft lot
$250,900 Zestimate®
$116/sqft
$1,021 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Washer/Dryer Hookups, Unit 2 Laundry Room(Utility Room), Unit 1 Laundry Room(Closet)
Features
- Ceiling Fan(s), Vaulted Ceiling(s), Laminate Counters, Eat-in Kitchen, Storage, Soaking Tub, Open Floorplan
- Flooring: Tile, Carpet, Linoleum / Vinyl
- Doors: Storm Doors, Storm Door(s)
- Windows: Double Pane Windows, Storm Windows
- Basement: Crawl Space, Block, Concrete
Interior area
- Total interior livable area: 2,160 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Main)
- Patio & porch: Deck
- Exterior features: Vinyl
Lot
- Size: 0.62 Acres
- Features: Level, Rural, City/Town/Suburb
Details
- Additional structures: Shed(s)
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Other
Materials
- Roof: Asphalt
Condition
- Year built: 1994
Utilities & green energy
- Sewer: City
- Water: Community Well, City
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Claypool
HOA & financial
Other financial information
- Total actual rent: 12000
Other
Other facts
- Flooring: Carpet, Vinyl, Vinyl Tile
- Heating: Forced Air, Natural Gas
- Appliances: Range/Oven, Refrigerator, Electric Water Heater
- InteriorFeatures: Ceiling Fan(s), Vaulted Ceiling(s), Laminate Counters, Eat-in Kitchen, Storage, Soaking Tub, Open Floorplan
- Roof: Asphalt
- ArchitecturalStyle: Ranch
- HeatingYN: true
- NumberOfUnitsTotal: 2
- PatioAndPorchFeatures: Deck
- CoolingYN: true
- FoundationDetails: Slab, Brick/Mortar
- RoomsTotal: 11
- LeaseTerm: 12 Months, Unit 1 Rent Frequency(Other), Unit 2 Rent Frequency(Other)
- OwnerPays: Sewer, Water
- ConstructionMaterials: Vinyl Siding
- WindowFeatures: Double Pane Windows, Storm Windows
- LotFeatures: Level, Rural, City/Town/Suburb
- Basement: Crawl Space, Block, Concrete
- NumberOfBuildings: 4
- FarmLandAreaUnits: Square Feet
- TrashExpense: 0
- NumberOfUnitsLeased: 1
- DoorFeatures: Storm Doors, Storm Door(s)
- MaintenanceExpense: 0
- PropertySubType: Other
- Cooling: Central Air
- OpenParkingYN: true
- TenantPays: Electricity, Heating, Cooling, Unit 1 Electric, Unit 2 Electric, Unit 1 Gas, Unit 2 Gas
- GrossIncome: 1000
- ParkingFeatures: Off Street, Gravel, Gravel Driveway
- SecurityFeatures: Smoke Detector(s)
- BelowGradeFinishedArea: 0
- WaterSource: Community Well, City
- ElectricExpense: 0
- FuelExpense: 0
- InsuranceExpense: 0
- OtherStructures: Shed(s)
- TotalActualRent: 12000
- NumberOfSeparateElectricMeters: 2
- NumberOfSeparateGasMeters: 2
- NumberOfSeparateWaterMeters: 2
- OtherExpense: 0
- LaundryFeatures: Washer/Dryer Hookups, Unit 2 Laundry Room(Utility Room), Unit 1 Laundry Room(Closet)
- PetsAllowed: Pet Restrictions
- Sewer: City
- MlsStatus: Active
- WaterSewerExpense: 207
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Main)
- ListPriceLow: 125000
- NetOperatingIncome: 10204.6
- TaxAnnualAmount: 1588.4