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Ronald P. Bressan Real Estate
(407) 595-3836

509 East Commercial Avenue, Lowell, IN 46356

  • $224,500

  • MLS#: 384500

Listing Presented By

John Schupp
SCHUPP Real Estate
(219) 696-3596

Multi Family - Lowell, IN

Flipping homes can make you rich but TRUE WEALTH is made in passive income - and this 8 unit all in one FULLY rented apartment building with LOADS of updating and major improvements PLUS a Very nice rent increase margin out of the gate will do just that - coin gold! Owner/Manageable since all in one place and FULLY updated and clean electrical service, water heater, boiler components and new rear tenant parking lot. All brick exterior with front and rear entrances. Owners closet main level for storage and maintenance as well as basement. The building consists of 7 - 1 bedroom apartments and 1 studio (4 main floor access and 4 upper) - FULL Online photo tour is available in downloads for each unit. 48-72hr notice please for all appointments WEEKDAYS 10a-4p. 1unit $650 / 3units@$600 / 2units@$550 / 2units@450. Tenants pay indiv electric. Owner pays common elec/gas (avg is $291mo) + water/sewer avg $300mo - deposits on all units and all have been here long time (seller leaves rents low)

  • $224,500
  • Commercial
  • MLS#: 384500
  • Square Footage: 4,898
  • Built In: 1924
  • Last Updated: June 21, 2016
  • Posted: May 21, 2016

509 East Commercial Avenue, Lowell, IN 46356 MLS#: 384500

509 East Commercial Avenue, Lowell, IN 46356 is an , Commercial in Lowell, Indiana for $224,500 with MLS#: 384500 and offered by John Schupp of SCHUPP Real Estate. To learn more about 509 East Commercial Avenue, Lowell, IN 46356 contact John Schupp for more information or to request a showing.

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