$562,000
$599,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
226 E Washington ST Rensselaer, IN 47978
10,934 SqFt
Key Details
Sold Price $562,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 10,934 sqft
Price per Sqft $51
Subdivision City/Rensselaer
MLS Listing ID 814093
Sold Date 01/12/26
Year Built 1906
Annual Tax Amount $1,165
Tax Year 2023
Lot Size 0.251 Acres
Acres 0.251
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
Interior
Interior Features Ceiling Fan(s), High Ceilings, Granite Counters
Heating Forced Air, Natural Gas
Fireplace N
Appliance Dryer, Washer, Refrigerator, Range, Microwave, Dishwasher
Exterior
Exterior Feature Private Entrance
View Y/N true
View true
Building
Lot Description Corner Lot
Story Quad-Level
Others
Tax ID 370730020017209027
SqFt Source Assessor
Acceptable Financing NRA20241217174039003124000000
Listing Terms NRA20241217174039003124000000
Financing Other
Pets Allowed Call
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