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Shawne Mardis

smardis@movingwithmardis.com +1(502) 649-6720

$225,000

Est. payment - /mo

3 Beds

2 Baths

1,704 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,704 sqft

Price per Sqft $132

MLS Listing ID 2026010110

Style Two Story

Bedrooms 3

Full Baths 2

Construction Status Resale

Abv Grd Liv Area 1,704

Year Built 1929

Annual Tax Amount $2,388

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Duplex

Property Description

Excellent opportunity to own a turnkey duplex with immediate cash flow! Pictures are pre-tenant move-in. The 1-bedroom unit is currently rented for $875/month, while the spacious 2-bedroom unit can be rented for approximately $1,025/month, providing a projected total monthly rental income of $1,900 and projected annual gross rental income of $22,800. Annual insurance is $1,810 and annual taxes are $2,388. Tenants pay all utilities, while the landlord only pays lawn care at approximately $30/cut. This well-maintained income-producing property features two spacious units with updated luxury vinyl plank flooring, neutral paint colors, abundant natural light, and low-maintenance finishes that continue to attract quality tenants. The first-floor 2-bedroom, 1-bath unit offers a spacious living room, eat-in kitchen with ample cabinet and countertop space, dedicated laundry area, and access to a private fenced backyard with a patio and storage sheds. This unit can be rented for approximately $1,025/month. The second-floor 1-bedroom, 1-bath unit features a bright oversized living area, functional kitchen, and large walk-in closet and is currently rented for $875/month. Additional features include separate entrances, spacious room sizes, updated flooring throughout both units, off-street rear access, and a fully fenced backyard that adds to tenant appeal. OWNER IS A LICENSED REAL ESTATE AGENT IN INDIANA & KENTUCKY.

Location

State IN

County Floyd

Zoning Residential

Direction Head toward E 13th St. Turn right onto E 10th St. Turn left onto E Spring St. Turn left onto Indiana's Historic Pathways - South Spur/State St. Turn right onto W Market St

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Appliance Oven, Range, Refrigerator

Laundry Laundry Closet, Main Level

Exterior

Water Access Desc Connected,Public

Building

Dwelling Type Duplex

Entry Level Two

Foundation Crawlspace

Water Connected, Public

Architectural Style Two Story

Level or Stories Two

Additional Building Shed(s)

New Construction No

Construction Status Resale

Others

Tax ID 220502801452000008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Southern Homes Realty

"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "

+1(502) 649-6720

smardis@movingwithmardis.com

8610 Chapel Hill Court, Charlestown, Indiana 47130, USA

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1307 E Market ST New Albany, IN 47150