226 E Washington StreetRensselaer, IN 47978
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$2,733***Investment Opportunity*** ***Immediate Passive Income***Great opportunity to expand your real estate portfolio with this completely remodeled 4 unit. Enjoy the benefits of passive income for years to come! Every inch of this property has been remodeled with quality work, craftsmanship, and high end materials and finishes, including spray foam insulation, energy star windows, high efficiency HVAC systems and MORE. Located in the heart of Rensselaer's business district, tenants can walk to work, the pharmacy, the local restaurants, and more. Unit makeup consists of 1- 2 bed/ 1 bath, 2- 2 bed/ 2 bath, and 1- 1 bed/ 1 bath with loft space. Gross rents total $55,000 annually, owner pays taxes, insurance, ground maintenance and snow removal. Tenants pay ALL utilities. With over an 8% cap rate when fully rented, this investment opportunity awaits its new beneficiary! Call an agent today!
| 4 months ago | Listing updated with changes from the MLS® | |
| 4 months ago | Listing first seen on site |
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Based on information submitted to the MLS GRID as of 2025-04-20 01:06 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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