Duplex & Multi Family For Sale in 46516, IN

2 Unit Investment property. Main house is 3 bedrooms 2 bathrooms with ADU featuring 1 bedroom 1 bathroom. Main house is currently rented with ADU becoming vacant November 1. Buyer to determine all expenses, only expense known to Broker is taxes.

Remodeled and ready for your next investment! This duplex at 620 Middlebury St. in Elkhart offers an opportunity to build your rental portfolio or purchase it as your home, living in one unit while renting out the other to help offset your housing costs. Updates throughout the property include new windows, flooring, light fixtures, kitchen cabinets and countertops, and bathroom vanities, along with some newer siding. Two newer furnaces, two new water heaters, and separate electrical panels add to the property’s appeal. Each unit has access to its own laundry setup in the basement, providing convenient onsite laundry. Separately metered utilities allow tenants to pay their own utility costs, while the owner pays property taxes and insurance. Both units are ready for you to screen and select your own tenants. Come take a look at what this remodeled duplex has to offer!

4-unit income property. Two main level offices and two upper level apartments. Each side has separate GFA furnaces. Upper level tenants would like to stay. Leases are now month to month. All utility cost is paid by property owner.

TRIPLEX with stable income and long term tenants. Well maintained property with 3 units. Gas & Electric are metered separately. Water & Sewer is not metered separately. Ample on site parking and tenant storage space. Good updates to plumbing & electrical systems. Roof replaced in 2016. Some replacement vinyl windows throughout. Unit 1 - 2 bed 1 bath with basement - Central Air/Heat and Laundry Unit 2 - 2nd story - 2 bed 1 bath - Central Heat & Window AC. Unit 3 - 3rd story - 1 bedroom 1 bathroom - electric baseboard heating & window AC.

Investment opportunity with two separate living spaces and income producing potential in a convenient location close to downtown! Unit A features 3 bedrooms and 1 full bath, while Unit B features 1 bedroom and 1 full bath, creating an excellent opportunity for additional rental income, a guest space, or multi-generational living. A new sewer line was recently installed, and new windows in 2023, providing valuable recent improvements and added peace of mind. With two separate units, this property offers flexibility for an investor looking to build their rental portfolio or an owner occupant who wants the potential to offset living expenses with rental income. Conveniently located near downtown, shopping, dining, and everyday amenities, this property combines location and versatility with plenty of possibilities. Whether you're looking for your next investment property or a house hacking opportunity, this one is worth a look!

Exceptional mixed-use investment opportunity in the heart of downtown Elkhart. This well-positioned building features a spacious main-level commercial storefront with excellent visibility and flexibility for retail, office, service, or creative business use, along with two upper-level residential apartments that provide additional income potential. Each second-floor apartment offers 1 bedroom and 1 bathroom and showcases the character tenants love, including soaring 10-foot ceilings, beautiful hardwood floors, granite counters, large windows, and abundant natural light. The residential units blend historic charm with functional living spaces in a walkable downtown setting. The main-level commercial space features an open secretary room and 5 office rooms with carpeted flooring, making it ready for a variety of business uses. The office includes two bathrooms, a kitchen, and storage room as well. Located just steps from downtown restaurants, shops, entertainment, and local employers, this property benefits from strong visibility and convenient access for both customers and tenants. Whether you're an investor seeking multiple income streams, an owner-occupant looking to operate a business while generating rental income, or a developer looking to add value, this versatile property offers significant upside in one of Elkhart's growing downtown corridors.

Tenant-occupied investment opportunity in Elkhart! This single-family home offers immediate rental income with an established tenant already in place. Property features spacious living areas, functional layout, and convenient location near shopping, schools, and major roadways. Great opportunity for investors looking to expand their portfolio or add a cash-flowing property. Please allow notice for showings due to tenant occupancy.

Great income producer! Triplex in Elkhart on a corner lot featuring 3 large units, 3 attached garages, a brick woodburning fireplace on the main level a common laundry area on the main level and new furnaces. Close to downtown, shopping and restaurants.