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$174,900   Price Analysis
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311 Riverside Dr
Huntington, IN 46750
3 bed 3 bath 1,108 SqFt ($157/SqFt)
5,227SqFt lot. Built 1918
Listed 2024-03-26, Taxes $1,298
USDA Eligible
near Bracken, IN
 

Welcome to this fantastic investment opportunity!

This recently renovated two-story triplex is located south of the river in Huntington and features three charming 1-bedroom, 1-bathroom units. Currently, two of the units are rented out, providing immediate income potential, while the third unit is vacant, offering the flexibility to either rent it out or occupy it yourself. Each unit has been updated and comes fully equipped with kitchen appliances including, stoves and refrigerators.

With its prime location and strong rental history, this triplex is an excellent opportunity for investors looking to expand their portfolio. Don't miss out on this chance to own a turn key profitable income property. The main building was recently renovated with new roof, exterior paint and gutters, interior updates in all three units however there is also a separate two bedroom unit located directly behind the main building that still needs completely renovated addng tons of future potential to this property.


Presented by John Lundquist at
Lundquist Appraisals & Real Estate Services, Inc.


Property MLS #202409948 from IRMLS

Bedrooms: 3

Total Bathrooms: 3 / 0
Full Bathrooms: 3

Cooling Features: Central Air
Fuel Expense: 1800
Heating Features: Forced Air

Furnished Description: Building, Lease
Flooring: Laminate, Part Carpet, Vinyl

Basement Description: Unfinished

Lot Description: Level
Lot Size Acres: 0.1199954
Lot Size Dimensions: 31 x 135
Lot Size Square Feet: 5227

Garage Spaces: 3
Garage Description: Off Street, Street

Elementary School: Horace Mann
High School: Huntington North
Middle School: Riverview
School District: Huntington County Community

Lincoln Elementary School is a public elementary school located approximately 1.4 miles away.
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Huntington North High School is a public high school located approximately 1.4 miles away.
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Crestview Middle School is a public middle school located approximately 1.6 miles away.
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Huntington Catholic School is a private elementary and middle school located approximately 0.7 miles away.
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Number of Units: 3
Number of 1 Bedroom Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Unit-1 Square Feet: 558
Unit-2 Square Feet: 492
Unit-3 Square Feet: 648
Unit 1 Total Actual Rent: 700
Unit 2 Total Actual Rent: 700
Unit 3 Total Actual Rent: 700

Income Includes: 25200
Lease Term: Month to Month, 1 Year
Tenant Pays: Electric

Community Features: Porch Covered

Annual Tax Amount: 1643.08
Source Listing Status: Active
County: Huntington County
Directions: Take Jefferson st south across the river to Riverside Dr continue to address.
Tax Year: 2024
Source Property Type: INVESTMENT
Insurance Expense: 1430
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Owner Pays: Sewer, Water
Parcel Number: 35-05-14-300-422.000-005
Property Location: City/Town/Suburb
Township: Huntington
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$59,200 + $5,700
$64,900
$1,298
2020$59,900 + $100
$60,000
$1,201
2019$59,900 + $100
$60,000
$1,201
2018$59,900 + $100
$60,000
$1,201
2017$59,900 + $100
$60,000
$1,201
2016$59,900 + $100
$60,000
$1,201
2016$59,900 + $100
$60,000
$1,201
2015$59,900 + $100
$60,000
$1,861
2013$59,900 + $100
$60,000
$2,291
2012$59,900 + $100
$60,000
$2,400
2011$54,100 + $4,200
$58,300
$1,167
2010$54,100 + $4,200
$58,300
$1,167
2008$60,300 + $4,700
$65,000
$1,877

Price Changed 2024-04-25
$174,900
IRMLS
Listed 2024-03-26
$179,900
IRMLS
Sold 2022-09-30
$35,000
IRMLS
Price Changed 2022-09-06
$39,995
IRMLS
Price Changed 2022-08-29
$44,495
IRMLS
Price Changed 2022-08-22
$52,495
IRMLS
Listed 2022-08-11
$54,995
IRMLS
Sold 2022-07-20
$25,000
Public Record

Net Operating Income: 18646.92

Total Square Feet Living: 1108
Year Built: 1918
Above Grade Finished Area: 1108
Construction Materials: Block
Property Age: 106
Roof: Shingle
Levels or Stories: 2
Structure Type: Triplex
House Style: Two Story
Total Area Main: 1108
Total Area Sqft: 1108
Total Area Upper: 518

Sewer: City
City
Water Sewer Expense: 1680
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.