IN > Rensselaer > City-Rensselaer
Rensselaer, IN 47978,226 E Washington Street
Rensselaer, IN 47978,226 E Washington Street
Rensselaer, IN 47978,226 E Washington Street
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$599,000
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5,170 SqFt
Active

226 E Washington Street Rensselaer, IN 47978

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,170 sqft

Price per Sqft $115

Subdivision City/Rensselaer

MLS Listing ID 814093

Year Built 1906

Annual Tax Amount $1,165

Tax Year 2023

Lot Size 0.251 Acres

Property Sub-Type Quadruplex

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!

Location

State IN

County Jasper

Rooms

Basement Apartment, Finished

Interior

Interior Features Ceiling Fan(s), Granite Counters, High Ceilings

Heating Forced Air, Natural Gas

Cooling Ceiling Fan(s), Central Air

Flooring Luxury Vinyl

Fireplace No

Appliance Dishwasher, Range, Washer, Refrigerator, Microwave, Dryer

Exterior

Exterior Feature Private Entrance

Parking Features Additional Parking, Asphalt, Direct Access, Common, Attached Carport

Utilities Available Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected

Roof Type Asphalt

Building

Lot Description Corner Lot

Foundation Block, Combination

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by RE/MAX Executives

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agent

Dennis & Karen

Agent

+1(219) 213-3346

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226 E Washington Street

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