424 Lebanon Street, Lebanon, IN 46052

$225,000
List Price
$225,000
MLS#
21752391
Lot Size
7,187
Listing Area
LANE OL 6 LOT 4 576-0338
Days on Market
64
Status
ACTIVE

Property Description

CASH COW! Move your $$ out of low-interest bank accounts & into real estate to earn $27k+ GOI through this 4-unit apartment bldg, located in the heart of downtown Lebanon w/in steps of the shops, restaurants, library, park & courthouse. Excellent long-term rental history w/ low expense for great cashflow & solid ROI. Main floor features two 2BR apartments that each have access to private, oversized, 1C garages. Upper floor offers two 1BR units. A third garage bay is available & could be leased for more income. Long-term tenants in place, low turn-over rate, professionally managed & could continue to be - this is just such EZ MONEY. All apartments individually metered. Sold w/ tenants' rights. Please do not disturb them!

Additional Information

Tenant Pays
Electric, Gas, Insurance Renters
Owner Pays
InsHazard, Insurance Liablty, Insurance Structure, Lawncare, Property Taxes, Sewer, Trash Pick Up, Water
Foundation
Basement-Block, Full
Architecture
TraditonalAmerican
Exterior
Vinyl
Lot Information
Access Alley, Corner, Curbs, Sidewalks, Storm Sewer
Exterior Amenities
Driveway Gravel
Lot Size
7,187
Acres
0.165
Financing
Contract, Conventional, InsuredConventional
Region
Center
Neighborhood
LANE OL 6 LOT 4 576-0338
School District
Lebanon Community

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Carpenter, Realtors®.

Information Deemed Reliable But Not Guaranteed. © 2021 Metropolitan Indianapolis Board of REALTORS®