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    424 N Lebanon Street

    Lebanon, IN 46052
    • $225,000
    • STATUS: Active
    • ON SITE: 8 days
    • MLS #: 21752391
    UPDATED: 63 min ago
    $225,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    CASH COW! Move your $$ out of low-interest bank accounts & into real estate to earn $2250/mo. AGI presently @ $27k+ 4-unit apartment bldg, located in the heart of downtown Lebanon w/in steps of the shops, restaurants, library, park & courthouse. Excellent long-term rental history w/ low expense for great cashflow & strong ROI. Main floor features two 2BR apartments that each have access to private, oversized, 1C garages. Upper floor offers two 1BR units. A third garage bay is available & could be leased for more income. Long-term tenants in place, low turn-over rate, professionally managed & could continue to be - this is just such EZ MONEY. All apartments individually metered. Sold w/ tenants' rights. Please do not disturb them!

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    © 2020 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Heard Real Estate Team | eXp Realty, LLC.
    www.indyhomehunter.com/homes/111888969
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    424 N Lebanon Street Lebanon, IN 46052

    • Price: $225,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 21752391
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1900
    Built
    Neighborhood:
    Lane
    County:
    Boone
    Area:
    607 - Boone - Center
    School District:
    Lebanon Community
    Property Description
    CASH COW! Move your $$ out of low-interest bank accounts & into real estate to earn $2250/mo. AGI presently @ $27k+ 4-unit apartment bldg, located in the heart of downtown Lebanon w/in steps of the shops, restaurants, library, park & courthouse. Excellent long-term rental history w/ low expense for great cashflow & strong ROI. Main floor features two 2BR apartments that each have access to private, oversized, 1C garages. Upper floor offers two 1BR units. A third garage bay is available & could be leased for more income. Long-term tenants in place, low turn-over rate, professionally managed & could continue to be - this is just such EZ MONEY. All apartments individually metered. Sold w/ tenants' rights. Please do not disturb them!
    Exterior Features

    Architectural Style Traditonalamerican Exterior Vinyl Exterior Amenities Driveway Gravel Foundation Basement-BlockFull Lot Information Access AlleyCornerCurbsSidewalksStorm Sewer Lot Size 60X120 Road Access Frontage RoadCitystreet Road Surface Asphalt Roof Asphalt Shingles Unit Parking Parking LotOther

    Interior Features

    Basement Yes Baths Total 0.00 Building Information Smoke AlarmNo Furniture Building Levels Two Laundry Connections None Rooms Total 0 Square Foot Main Upper 0

    Property Features

    Building Utilities Separate Electric MeterSeparate Gas MeterCable AvailableGas ConnectedMunicipal Sewer ConnectedMunicipal Water Connected Contingency Act With No Contingency Conversion Yes Direct Soliciting No Disclosures Not Applicable Expenses 5000 Gross Operating Income 24240 Gross Potential Income 24240 Inspection Warranties Other Investment Yes New Construction No Number Of Carports 0 Operating Expense MaintenanceManagementProptaxesRepairsUtilities Other Disclosures As-Is Possession AtclosingTenantrights Possible Financing ContractConventionalInsuredconventional Present Use Apt<20 Property Attached YN No Property Sub Type 1-4 Units Residential Proposed Use Apt<20 Semi Annual Property Tax Amount 880 Tax Exemption None Tenant Pays ElectricGasInsurance Renters Township Center Transaction Type Sale Unit Count 4 Zoning Zo01

    Listing provided courtesy of Carpenter, Realtorsã‚®. © 2020 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


    © 2020 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Heard Real Estate Team | eXp Realty, LLC.
     
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    Heard Real Estate Team | eXp Realty, LLC
    450 E 96th Street Suite 500
    Indianapolis IN, 46240