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226 E Washington Street Rensselaer, IN $ 599,000
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$ 599,000 Get more info
226 E Washington Street
$ 599,000
Back to search
Share Save

226 E Washington Street

Rensselaer, IN, 47978
$ 599,000
Baths0.0

Monthly Estimate*

$ 3,737

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Studio

Multi-Family Home for sale in Rensselaer, IN

for $599,000. This home was built in 1906 on a lot size of 0.251.

***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!

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Multi-Family Pending

Price

$ 599,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,165

Style

Quadruplex

Lot Size

0.251

Year Built

1906

Town/City

Rensselaer

County/Region

Jasper

MLS | Web ID

814093
Features
Interior
Interior Amenities Ceiling Fan(s) High Ceilings Granite Counters
Window Features Blinds ENERGY STAR Qualified Windows
Fireplace Y/N N
Above Grade Finished Area 3730
Laundry Features Multiple Locations In Unit
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Dryer Washer Refrigerator Range Microwave Dishwasher
Patio/Porch Features Covered Rear Porch Front Porch
Pool Features None
Security Features Carbon Monoxide Detector(s) Varies By Unit Smoke Detector(s)
Pets Allowed Call
Year Built 1906
Electric 200+ Amp Service Separate Meters
View Downtown
Township Marion
Levels Quad-Level
Property Subtype Quadruplex
Tax Year 2023
Gross Income 55000
Community Features None
County Jasper
Net Operating Income 48604
Insurance Expense 2496
New Construction N
Property Type Residential Income
MaintenanceExpense 0
Subdivision Name City/Rensselaer
Garage Y/N N
Rent Includes None
Status Pending
Directions McKinley to Washington property on the corner.
City Rensselaer
Lot Size Square Feet 10934
Listing Terms Cash Conventional
Tax Annual Amount 1165
Electric Expense 0
Property Condition Updated/Remodeled
Standard Status Pending
Tax Assessed Value 95400
Taxes 2400
Legal Description ORIG PLAT E 110' LOTS 1 & 2 BLK 20
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Exterior
Exterior Amenities Private Entrance
Fencing None
Parking Features Additional Parking Direct Access Common Attached Carport Asphalt
Lot Features Corner Lot
Water Source Public
Lot Size Acres 0.251
Road Surface Type Asphalt
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Trisha Potts

Listing Agent

Re/Max Executives

Broker

trishamariepotts@gmail.com

Email

Affordability Calculator

$3,834
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,737
Monthly Property Taxes
$97
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/17/2024$599,000 Listed Price

Map

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226 E Washington Street, Rensselaer, IN, 47978 is a Multi-Family Home for sale at $599,000 with a lot size of 0.251. 226 E Washington Street is a studio with 0.0 baths and was built in 1906. The property's zip code is 47978 which is in Rensselaer, IN

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