152 Madison, Nappanee, IN 46550


MLS ID: #201912072
Price: $ 124,900
Sq Ft: 2,040
Finished Sq Ft: 2,040
Lot Size: 0.20 Acres
Year Built: 1920
Bedrooms: 5
Full Bathrooms: 3
Half Bathrooms:
Taxes: $ 1,200
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Awesome 3 unit home in desirable Nappanee, Indiana. It is rare to find a solid multi-unit home in this town, so act fast. This home with beautiful natural woodwork offers a downstairs 2 bed 1 bath unit (potential rent over $800/mo), upstairs 2 bed 1 bath unit (currently rented at $775/mo), and an efficiency unit in a separate building (potential rent $500/mo). Currently, owner pays all utilities. This could be the perfect addition to your rental portfolio and offer a great return on investment!

MLS ID: 201912072


# of Units 3
Price Per Unit 41,633.330
Above Grade Finished SF 2,040
Combined Finished SF 2,040
Below Grade Finished SF 1,020
Below Grade Unfinished SF 1,020
Total Below Grade SF 1,020
Total Sq Ft 3,060
Lot Dimensions 67x130
Approx Lot Size SqFt 8,712
Approx Lot Size Acres 0.20
Garage SF 1,200
Water Front No
Style Two Story
New Construction No
Elementary School Nappanee
Middle School NorthWood
Senior NorthWood
District Wa-Nee Community Schools
# Bedrooms 5
# of Full Baths 3
# of Half Baths 0
Living Room 2 x 0
Bedroom 5 3 x 3
Laundry Room 3 x
Other Room 1 1 x 0
Annual Gross Rent Income $24,900.00
Annual Sewer Expense $1,200.00
Annual Fuel Expense $1,200.00
Annual Electric Expense $1,800.00
Annual Trash Expense $0.00
Annual Property Tax $1,600.00

Listing Office: Myers Trust Real Estate

Listing Agent: Brad Beer


Property information is provided by the Indiana Regional MLS. The IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.