About 226 E Washington Street
***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!
Features of 226 E Washington Street
| MLS® # | 814093 |
|---|---|
| Price | $599,000 |
| Bathrooms | 0.00 |
| Acres | 0.25 |
| Year Built | 1906 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 226 E Washington Street |
|---|---|
| Subdivision | City/Rensselaer |
| City | Rensselaer |
| County | Jasper |
| State | IN |
| Zip Code | 47978 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected |
|---|---|
| Parking | Additional Parking, Asphalt, Direct Access, Common, Attached Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Granite Counters, High Ceilings |
|---|---|
| Appliances | Dishwasher, Range, Washer, Refrigerator, Microwave, Dryer |
| Heating | Forced Air, Natural Gas |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Apartment, Finished |
Exterior
| Exterior Features | Private Entrance |
|---|---|
| Lot Description | Corner Lot |
Additional Information
| Date Listed | December 17th, 2024 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Trisha Potts |
|---|---|
| Office | RE/MAX Executives |