This immaculate 5-plex, located just steps from the Trine University campus, could be just the opportunity you're looking for. All units are currently rented, so monthly income stream is immediate upon purchase of the property. Each unit has a separate layout, and monthly rental income ranges between 600-$700 per unit. Landlord pays gas (between $50-$55/month in summer, between $175-$240/month in the winter). Tenants pay electric, which is metered and added to rental invoice. Property maintenance for the previous year (lawn care, cleaning, painting, carpet repair, drywall repair, plumbing, fire extinguisher inspections, etc.) was just under $3500 for the previous year. Leases for all units are available, as well as more detailed information about improvements to each unit.
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.
