328 N State Street 1-5, Kendallville, IN 46755
sale
$370,000
|
Single Family Detached
Courtesy Of Open Door Rentals and Real Estate LLC
Investment Opportunity!!! Cash-Flowing 5-Plex in Kendallville! This purpose-built 5-unit property offers over 4,000 sq. ft. and has strong cash flow potential with room to raise rents. Having all units rented, this 5 plex brings in $4,200/month. Each unit is separately metered with split utilities, individual water heaters, and two units even have their own gas meters. Recent updates include a newer metal roof, vinyl siding, and updated water heaters. Tenants enjoy ample off-street parking and a convenient location close to schools, shopping, and downtown Kendallville. This is a rare chance to own a true multi-family income property with tenants already in place. Whether you re looking to expand your portfolio or step into investment real estate with a strong performer, this 5-plex is the one to see!
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Floor Covering: Laminate
- Floors: 2
- Heating System: Baseboard
- Heating System: Forced Air
- Legal Description: MITCHELLS ADD LOT 178
- MLSID: 202540114
- Roof Type: Metal
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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