4-unit investment opportunity in the heart of downtown Crown Point offering immediate income with clear upside potential. The property features a unit mix of two 2-bedroom units and two 1-bedroom units, each with separate entrances for added privacy and flexibility. Two units have been updated with improvements including flooring, lighting, paint, and bathroom finishes, while the remaining two units are in solid condition with room for additional updates and increased rents. Tenants benefit from off-street parking with eight dedicated spaces located on a low-traffic side street, as well as walkability to restaurants, shops, and amenities just a few blocks away. Situated on a corner lot in a highly desirable downtown location with strong rental demand and access to Crown Point schools. Owner currently covers water, sewage, trash, and heat, with tenants responsible for electric and cooking gas, offering an opportunity to further optimize expenses. All units are currently on month-to-month leases, providing flexibility for investors to adjust rents or for an owner-occupant to occupy a unit.
Listing Courtesy of NIRA as distributed by MLS GRID / Listed By: Drake Phillips, Better Homes And Gardens Real Estate Connections
$149,900 (USD)
Hobart Area Single Family Home
Active
4079 Missouri Street Hobart, IN 46342
3 Bed
1 Baths
1035 sqft
MLS# 833860
Fantastic starter home tucked away in a quiet neighborhood. Plenty of room to make it your own, or a great addition to any investment portfolio. This home features a large back yard, wooded lot, with a private driveway.
Listing Courtesy of NIRA as distributed by MLS GRID / Listed By: Drake Phillips, Better Homes And Gardens Real Estate Connections