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$129,900   Price Analysis
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116 S Peters St
Garrett, IN 46738
4 bed 2 bath 2,044 SqFt ($63/SqFt)
6,098SqFt lot. Built 1940
Listed 2023-06-27, Taxes $1,550
USDA Eligible
near Garrett, IN
 Restrictions may apply
due to home size

INVESTMENT OPPORTUNITY.

* Sale Pending *

Fully occupied duplex with 2 bed, 1 bath per unit. Large yard with potential for garage. Appliances included.

Property tax assessment appeal has already been started. Possible land contract with $5 000 down pyment and 24 month balloon.


Presented by Rebecca Maldeney at
Indiana Real Estate.
Listing Agent Photo

Property MLS #202322141 from IRMLS

Bedrooms: 4

Total Bathrooms: 2 / 0
Full Bathrooms: 2

Laundry Features: # of Washers: 2, # of Dryers: 2

Cooling Features: Central Air
Heating Features: Gas, Forced Air

Furnished Description: Building, Land, Lease
Flooring: Laminate, Vinyl Tile, Wood, Vinyl

Basement Description: Full Basement

Lot Description: Level, 0-2.9999
Lot Size Acres: 0.1399908
Lot Size Dimensions: 50X125
Lot Size Square Feet: 6098

Driveway: Stone
Garage Spaces: 2
Garage Description: Off Street

Elementary School: J.E. Ober
High School: Garrett High
Middle School: Garrett Middle
School District: Garrett Keyser Butler

Garrett High School is a public high school located approximately 0.6 miles away.
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J E Ober Elementary School is a public elementary school located approximately 0.7 miles away.
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Garrett Middle School is a public middle school located approximately 0.7 miles away.
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St Joseph School is a private elementary school located approximately 0.1 miles away.
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Number of Units: 2
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 6
Total Rooms in Unit-2: 5
Unit-1 Square Feet: 1022
Unit-2 Square Feet: 1022
Unit 1 Total Actual Rent: 750
Unit 2 Total Actual Rent: 650

Income Includes: 16800
Lease Term: 1 Year
Tenant Pays: Electric, Fuel, Water

Community Features: Basement, Ceiling Fan, Deck Open, Detector-Smoke, Firepit

Annual Tax Amount: 1718
Source Listing Status: Pending
County: Dekalb County
Directions: From Randolph, west on King, Left on Peters to property on right.
Tax Year: 2022
Source Property Type: INVESTMENT
Insurance Expense: 600
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 2
Owner Pays: Maintenance
Parcel Number: 17-09-04-232-022.000-013
Postal Code Plus 4: 1446
Property Location: City/Town/Suburb
Township: Keyser
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$70,000 + $7,500
$77,500
$1,550
2020$70,000 + $7,500
$77,500
$1,561
2019$56,600 + $7,500
$64,100
$1,288
2018$56,600 + $7,500
$64,100
$1,288
2017$45,600 + $7,500
$53,100
$943
2017$39,100 + $7,500
$46,600
$943
2016$42,100 + $7,500
$49,600
$1,073
2015$42,000 + $7,500
$49,500
$992
2013$42,500 + $7,500
$50,000
$1,535
2012$43,900 + $7,500
$51,400
$1,028
2011$34,100 + $7,500
$41,600
$832
2010$33,600 + $7,500
$41,100
$842
2008$36,000 + $7,500
$43,500
$947

Listed 2023-06-27
$129,900
IRMLS
Listing removed 2022-06-24
$120,900
IRMLS
Listing removed 2022-06-23
$120,900
IRMLS
Listing removed 2015-11-28
$25,000
IRMLS
Price Changed 2015-10-09
$25,000
IRMLS
Price Changed 2015-07-17
$29,900
IRMLS
Listed 2015-05-01
$32,500
IRMLS

Net Operating Income: 14482

Total Square Feet Living: 2044
Year Built: 1940
Above Grade Finished Area: 2044
Below Grade Unfinished Area: 1022
Property Age: 84
Roof: Dimensional Shingles
Levels or Stories: 2
Structure Type: Duplex
House Style: Two Story
Total Area Sqft: 3066
Total Below Grade Area: 1022

Sewer: City
City
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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.