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Listed by Janet Zachary • Carpenter, REALTORS®
$ 350,000
Est. payment /mo
New
211 S Green ST Crawfordsville, IN 47933
6,332 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,332 sqft
Price per Sqft $55
MLS Listing ID 22037912
Year Built 1945
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Multi-Family 5+
Property Description
Check out this rare investment opportunity at 211 and 211 1/2 S Green. A well-maintained 5 unit apartment building with a strong return on investment with potential for even more upside. There is room for increased rents as some units are currently priced below market rates due to long-term tenant considerations. All units are occupied with stable tenant base and consisitent payment history. Tenants pay their own electric with each apartment having their own electrical meter. Seller pays property taxes, homeowner's insurance, gas, water, trash, and sewer utilities. This is a great opportunity for investors looking for a property with immediate income and the potential for future growth. The seller has maintained good relationships with their tenants and has priced rent in consideration of their situations--creating an opportunity for the next owner to evaluate adjustments as leases renew. One apartment has 2 bedrooms, 1 bath, and a laundry room. Unit #5 is the downstairs apartment. The other 4 units are up on the 2nd floor. Unit 4 has had recent updates. The occupants can utilize the laundromat provided in the garage. Act now to seize this once-in-a-lifetime opportunity. Invest in much needed housing, while you lock in strong reliable cash flow from day one. The room sizes are an estimation.
Location
State IN
County Montgomery
Zoning B-1
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Exterior Feature Not Applicable
Utilities Available Sep Electric Meter, Sewer Connected, Water Connected
View Y/N false
Building
Story Two
Architectural Style TraditonalAmerican
Structure Type Brick,Stucco,Stone
New Construction false
Schools
School District Crawfordsville Community Schools
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