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
Est. payment /mo
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5,170 SqFt
Pending

226 E Washington Street Rensselaer, IN 47978

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

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), High Ceilings, Granite Counters

Heating Forced Air, Natural Gas

Cooling Central Air, Ceiling Fan(s)

Flooring Luxury Vinyl

Fireplace No

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

Exterior

Exterior Feature Private Entrance

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

Utilities Available Electricity Connected, Water Connected, Sewer 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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Dennis & Karen

Dennis & Karen

Agent

+1(219) 213-3346

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226 E Washington Street

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