1. Indiana
  2. Rensselaer
  3. 226 E Washington Street
$599,000

226 E Washington Street, Rensselaer, IN 47978

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1906
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

***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!

Listing Status:
Active
Listing Office:
RE/MAX Executives : (219) 987-2230
Listing Agent:
Trisha Potts :
MLS ID:
814093
  • General: Ceiling Fan(s)Granite CountersHigh Ceilings
  • Appliances: DishwasherRangeWasherRefrigeratorMicrowaveDryer
  • Laundry: In UnitMultiple Locations
  • Basement: ApartmentFinished
  • Heating: Forced AirNatural Gas

This listing courtesy of Trisha Potts, RE/MAX Executives

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Van Rensselaer Elementary School

902 E Washington St, Rensselaer, IN, 47978

Grades 2-5

0.47 miles away

R

Rensselaer Middle School

1106 E Bomber Dr, Rensselaer, IN, 47978

Grades 5-8

0.55 miles away

R

Rensselaer Central High School

1106 E Grace St, Rensselaer, IN, 47978

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.