Great investment property! Located in the heart of downtown South Whitley this large Commercial building has two store fronts, and three upstairs apartments. Store front 1 rents out for $710 a month, storefront 2 rent starts at $500 a month, (there is additional space available at a higher cost or could be rented separately). Storefront 1 is currently leased out to Subway and has 4 years remaining on the lease with an additional 5 year option and a 10% increase. Storefront #2 is currently available for lease and is set up for a tanning salon. Apartment #1 is a one bedroom and rents out for $425 a month, apt #2 is a two bedroom and rents out for $450, and apt #3 is a 3 bedroom and rents out for $520 a month. Apartment one and three are newly renovated and apt 3 is newly updated, they are all occupied, and tenants pay their own water and utilities. Owner pay approximately $150 a month towards trash removal and utilities for the vacant store front.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
