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Listed by Lillian Snodgrass • Homeward Bound Realty LLC
$ 72,000
Est. payment /mo
Pending
1001 S B ST Elwood, IN 46036
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision Lake Erie
MLS Listing ID 22077497
Year Built 1940
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Duplex
Property Description
Investment opportunity in Elwood, IN! This story-and-a-half duplex offers two separate units, each featuring 2 bedrooms, 1 full bath, and main-level laundry. The property is a solid candidate for an investor or owner-occupant looking to add value. The home does need to be trashed out and cleaned before re-renting, but much of the potential is already in place. You can renovate and rent both units, or live in one side while renting the other to offset your mortgage. Exterior features include vinyl siding and mostly vinyl replacement windows. Some remodeling has already been started, particularly in the right-side unit, which includes new kitchen cabinets, a new tub, toilet, vanity, and a new back door. The property is being sold as-is, making it a great opportunity for buyers ready to finish improvements and build equity or rental income.
Location
State IN
County Madison
Zoning residential
Rooms
Basement Cellar
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace N
Exterior
Roof Type Asphalt
Building
Story One and One Half
Foundation Block, Cellar, Partial
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Elwood Elementary School
High Schools Elwood Jr-Sr High School
School District Elwood Community School Corp
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