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1208 Lincoln Avenue

New Castle, IN 47362
  • $149,900
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 202240458
Price Reduced
UPDATED: 24 min ago
$149,900
  • 4
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 3,056
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

This duplex offers fully rented units for a turn key investment. Each unit offers 2 bedrooms and over 1,500 SF of living space. When property is fully rented, ROI is approximately 10.5%. Tenant pays electric and gas. Owner pays water, sewer, and trash. Each unit is designed the same with the exception that the unit on the right has an additional 1/2 bath. The covered front porch is spacious for outside seating. The main level offers a spacious living room, dining room, kitchen, laundry room, and mudroom with access to the backyard. Upstairs, you will find a full bath and two bedrooms with spacious closets. Yard space in back allows for outdoor living and large shed offers extra storage.

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© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2022-12-05T22:28:22.803.

www.movingwithteammelton.com/homes/133491271
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1208 Lincoln Avenue New Castle, IN 47362

  • Price: $149,900
  • Status: Active
  • On Site: 67 Days
  • Updated: 24 min ago
  • MLS #: 202240458
4
Beds
2
Baths
1
½ Baths
0.14
Acres
3,056
SQFT
$49
$/SQFT
1965
Built
Neighborhood:
None
County:
Henry
Area:
Henry
Elementary School:
Parker
Middle School:
New Castle
High School:
New Castle
School District:
New Castle Community School Corp
Property Description
This duplex offers fully rented units for a turn key investment. Each unit offers 2 bedrooms and over 1,500 SF of living space. When property is fully rented, ROI is approximately 10.5%. Tenant pays electric and gas. Owner pays water, sewer, and trash. Each unit is designed the same with the exception that the unit on the right has an additional 1/2 bath. The covered front porch is spacious for outside seating. The main level offers a spacious living room, dining room, kitchen, laundry room, and mudroom with access to the backyard. Upstairs, you will find a full bath and two bedrooms with spacious closets. Yard space in back allows for outdoor living and large shed offers extra storage.
Exterior Features

Architectural Style Traditional Exterior Vinyl Fence None Location City/Town/Suburb Lot Description Level Lot Dimensions 108X57 Outbuilding Shed Outbuilding Sq Ft 96 Parking Street Parking Spaces 0 Pool YN No Roof Material AsphaltShingle Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 4 Above Grade Finished Sqft 3056 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanStorageAttic StorageCeiling-9+Countertops-Laminate Basement Foundation Partial Basement Basement Material Poured Concrete Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 656 Cooling Window Dishwashers 0 Disposals 0 Dryers 1 Flooring CarpetVinylWood Heating Fuel GasForced Air Main Level Sq Ft 1528 Microwaves 0 Ranges Ovens 1 Refrigerators 1 Rooms Below Grade 0 Total Baths 3 Total Below Grade Sqft 656 Total Sq Ft 3712 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 1528 Unit2 Basement YN Yes Unit2 Bathrooms 1.5 Unit2 Bedrooms 2 Unit2 Sq Ft 1528 Upper Level Sq Ft 1528 Wash Dry Hookups 2 Washers 1

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 18600 Annual Insurance Expense 650 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 15816.1 Annual Property Tax 1068.9 Annual Trash Expense 45 Annual Water Sewer Exp 1020 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 1 Documents Available Lbp FormSellers Disclosure Efficiencies 0 Electric Company Duke Energy Indiana Electric Meters 2 For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Centerpoint Energy Gas Meters 2 Gross Monthly Income 1550 Gross Monthly Rent 1550 Lease Term Other New Construction No One Bedrooms 0 Owner Pays SewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Duplex Proposed Financing CashConventionalFha Reo YN No Sale Includes Building Sewer City Tenant Pays ElectricFuel Three Bedrooms 0 Township Henry Two Bedrooms 2 Unit1 Unit Rent 750 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 800 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Units Rented 2 Water Company New Castle Utility Water Meters 1 Water Utility City Year Taxes Payable 2022

Listing provided by Jon Kindred of F.C. Tucker/Crossroads Real Estate: [IDXCONTACTINFORMATION].
© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2022-12-05T22:28:22.803.

 
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