Investors take a look at your next portfolio addition! This property boats 2 duplexes for a total of 4 units. Gross monthly rents projected at $2,550. All units have seen a large amount of work put into them in the past few months, as well as a potential $5,000 appliance allowance to put your own finishing touches on the units! Water and electric is all metered separately, allowing tenants to pay their own utilities. There is one 2 bed unit, and three 1 bed units. One unit is currently rented, three units are currently vacant, allowing you to find tenants that best fit your management style. All units have a washer/dryer hookup. New roof and gutters were put in 5 years ago. Recent work in the past 3 months included but is not limited to; new paint, light fixtures, and ceiling fans in all units. All exterior wood and trim has been painted. Brick units both have new water heaters, screen doors, and electric baseboard heaters. One kitchen is loaded with new cabinets and countertops. New LVP throughout. 2 sheds are also included on the back of the property for extra storage. As a very low maintenance property, your portfolio will thank you!
Directions: Take SR 15 South into LaFontaine. Turn E. on Kendall St. Turn S. on Main St. Turn E. on Branson St. Property is 2 duplexes, will be located on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $235,000
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
6
/10
Southwood Elementary School
840 E State Road 124
Distance between this listing and this school5.44 miles
Public District Grades PK-6
6
/10
John W Kendall Elementary School
2009 W Kem Rd
Distance between this listing and this school7.06 miles
Public District Grades PK-4
5
/10
Sweetser Elementary School
614 N Main St
Distance between this listing and this school7.44 miles
Public District Grades 3-4
Nearby Schools
4
/10
Justice Thurgood Marshall Intermediate School
720 N Miller Ave
Distance between this listing and this school7.24 miles
Public District Grades 5-6
6
/10
Oak Hill Junior High School
7760 W Delphi Pike # PK-27
Distance between this listing and this school8.43 miles
Public District Grades 7-8
3
/10
John L Mcculloch Junior High School
3528 S Washington St
Distance between this listing and this school10.49 miles
Public District Grades 7-8
Nearby Schools
6
/10
Southwood Jr-Sr High School
564 E State Road 124
Distance between this listing and this school5.68 miles
Public District Grades 7-12
3
/10
White's Jr-Sr High School
5233 S 50 E
Distance between this listing and this school5.99 miles
Public District Grades 7-12
5
/10
Oak Hill High School
7756 W Delhpi PK-27
Distance between this listing and this school8.44 miles
The neighbors living near this home have an average income of $45,962. Typical income of Wabash County, IN residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
This home is located at 16 E Branson St in Lafontaine, IN and zip code 46940. This home was built in 1974. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $235,000.
In October 2024 more than 2 listings in Wabash County, IN were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 11 were sold below. The inventory of homes for sale in Wabash County, IN between September 2024 and October 2024 increased by 6.1%.
From Rocket Homes Real Estate and based on county public records data.