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Listed by Jared Smith • Rosewood Real Estate
$ 95,000
Est. payment | /mo
6,534 Sqft Lot
$ 95,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22106580
Year Built 1900
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Duplex
Property Description
Investment opportunity featuring one occupied unit and one vacant unit ready for lease-up. Unit 2802 is currently rented at $650/month with tenant paying gas/electric, while Unit 2804 has a prospective Section 8 tenant approved at $800/month and expected to move in next month, bringing projected gross monthly income to $1,450/month. Tenants have historically paid their own utilities, helping keep operating expenses low. Recent improvements include updated flooring and interior finishes, along with a newer sump pump and gas heaters replaced within the last five years. This property offers additional value-add potential through future rent increases, operational efficiencies, and continued portfolio optimization. Whether you're a seasoned investor or looking to acquire your first multifamily property, this duplex presents an affordable entry point with established income and upside.
Location
State IN
County Delaware
Interior
Heating Natural Gas
Cooling Window Unit(s)
Fireplace N
Building
Story Two
Foundation Block, Stone
New Construction false
Schools
Middle Schools Delta Middle School
High Schools Delta High School
School District Delaware Community School Corp
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