This investment property is a fantastic opportunity for those looking to generate income through real estate.

The main house has two stories that features a rental on each floor with 2 bedrooms, a full kitchen, providing comfortable and convenient living spaces for. There are 6 units each with one bedroom and a full kitchen, providing comfortable and convenient living spaces in each. In addition, there are five studio-style rooms with full bathrooms, perfect for short-term rentals or guests looking for a cozy place to stay. The property is located in a desirable area, making it an attractive ption for renters and travelers alike.

With six one bedroom units and five studio style rooms, there is ample opportunity to generate consistent income throughout the years. The property has been well-maintained and is move-in ready, with all necessary amenities and ap pliances included. The main house and studio-style rooms are decorated and furnished, providing a welcoming and comfortable atmosphere for tenants and guests. Overall, this investment property is has its prime location, multiple rental units and well-maintained condition, it is sure to be a profitable investment for years to come.

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on 2875 N West Shafer Dr
in Monticello, IN
Presented by Michael Sims at
Redlow Group.


Property MLS #202314182 from IRMLS
▶ Virtual Tour

+ Reveal additional info including schools and tax history

+ Toggle All

+ Bedrooms

Bedrooms: 17

+ Bathrooms

Total Bathrooms: 13 / 0
Full Bathrooms: 13

+ Heating and Cooling

Cooling Features: Central Air
Heating Features: Forced Air

+ Interior Features

Furnished Description: Building, Land
Flooring: Vinyl Tile

+ Other Rooms

Basement Description: Crawl

+ Land Info

Lot Description: Level, Water View
Lot Size Acres: 1.81
Lot Size Dimensions: irr
Lot Size Square Feet: 78844

+ Garage and Parking

Garage Spaces: 13

+ School Information

Elementary School: Meadowlawn
High School: Twin Lakes
Middle School: Roosevelt
School District: Twin Lakes School Corp.
+ Display Complete School Details

Twin Lakes Senior High School is a public high school located approximately 3.7 miles away.
Map directions

Roosevelt Middle School is a public middle school located approximately 3.5 miles away.
Map directions

Meadowlawn Elementary School is a public elementary school located approximately 3.8 miles away.
Map directions

+ Multi-Unit Info

Number of Units: 13
Number of Studio Units: 5
Number of 1 Bedroom Units: 6
Number of 2 Bedroom Units: 2

+ Rental Info

Income Includes: 158000
Lease Term: Month to Month

+ Amenities and Community Features

Community Features: Cable Available, Firepit

+ Other Property Info

Annual Tax Amount: 2310.4
Source Listing Status: Pending
County: White County
Directions: Take N 6th St, continue onto NW Shafer Dr, Property is on the right after Indiana Beach.
Tax Year: 2022
Source Property Type: INVESTMENT
Owner Pays: Building Insurance, Cable, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water, Water Softener
Parcel Number: 91-73-17-000-005.600-020
Township: Union
Source System Name: C2C
+ Reveal Property Sale History

Listed 2023-05-04
$599,900
IRMLS

+ Commercial Info

Net Operating Income: 155689.6

+ Building and Construction

Total Square Feet Living: 5590
Year Built: 1955
Above Grade Finished Area: 5590
Property Age: 68
Structure Type: Apartment Complex
House Style: Attached
Total Area Sqft: 5590

+ Utilities

Sewer: Regional
Private
Well