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$151,000   Price Analysis
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716 W King St
Garrett, IN 46738
3 bed 2 bath 2,108 SqFt ($71/SqFt)
7,405SqFt lot. Built 1920
Listed 2024-03-27, Taxes $1,026
USDA Eligible
near New Era, IN
 Restrictions may apply
due to home size

This duplex was an a church!

So much character. The basement has potential to make a 3rd unit. Egress windows are there for you to finish it out. LONG term tenant in rear unit. Incme is $1406.67 with potential of a 3 bedroom unit in lower to increase that cash flow. Property is professionally managed by Open Door Property Management and the tenants pay their utilities through the RUBS reimbursement program. All electric unit with 1 meter. No laundry on site but there is a laundromat next door!

Off street parking. Requires 48 hour notice to view after an a ccepted offer.


Presented by Tammie Fluke at
Open Door Rentals And Real Estate.


Property MLS #202410068 from IRMLS

Bedrooms: 3

Total Bathrooms: 2 / 0
Full Bathrooms: 2

Furnished Description: Building, Lease
Flooring: Carpet, Laminate

Heating Features: Electricity, Baseboard

Basement Description: Full Basement

Lot Description: Level
Lot Size Acres: 0.1699954
Lot Size Dimensions: 60x125
Lot Size Square Feet: 7405

Garage Spaces: 4

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 0.9 miles away.
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J E Ober Elementary School is a public elementary school located approximately 0.9 miles away.
directions icon Map directions

Garrett Middle School is a public middle school located approximately 0.9 miles away.
directions icon Map directions

St Joseph School is a private elementary school located approximately 0.3 miles away.
directions icon Map directions

Number of Units: 2
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 1
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit 1 Total Actual Rent: 800
Unit 2 Total Actual Rent: 606

Income Includes: 16880
Lease Term: Month to Month, 1 Year
Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Snow Removal, Trash Collection, Water, Deposit Value

Maintenance Expense: 75

Community Features: Basement, Detector-Smoke

Annual Tax Amount: 1099
Source Listing Status: Active
County: Dekalb County
Directions: Randolph to King west to property
Tax Year: 2024
Source Property Type: INVESTMENT
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Owner Pays: Lawn Maintenance, Tax
Parcel Number: 17-09-04-202-019.000-013
Township: Keyser
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$48,700 + $2,600
$51,300
$1,026
2020$48,700 + $2,600
$51,300
$1,043
2019$48,700 + $2,600
$51,300
$1,038
2018$48,700 + $2,600
$51,300
$1,038
2017$48,200 + $2,600
$50,800
$1,043
2017$48,700 + $2,600
$51,300
$1,043
2016$46,600 + $2,600
$49,200
$1,033
2015$47,600 + $2,600
$50,200
$984
2013$48,100 + $2,600
$50,700
$1,556
2012$38,800 + $2,600
$41,400
$828
2011$38,100 + $2,600
$40,700
$814
2010$45,300 + $2,600
$47,900
$958
2008$52,100 + $10,000
$62,100
$1,352

Listed 2024-03-27
$151,000
IRMLS
Sold 2022-01-21
$90,000
Public Record
Sold 2019-12-11
$50,000
IRMLS
Listed 2019-10-31
$59,900
IRMLS
Listing removed 2016-06-01
$49,900
IRMLS
Price Changed 2015-07-09
$49,900
IRMLS
Price Changed 2015-05-05
$51,900
IRMLS
Listed 2014-09-02
$54,999
IRMLS
Sold 2009-01-13
$43,000
Public Record

Net Operating Income: 15706

Total Square Feet Living: 2108
Year Built: 1920
Above Grade Finished Area: 2108
Below Grade Unfinished Area: 2108
Property Age: 104
Levels or Stories: 1.5
Structure Type: Duplex
House Style: One and Half Story
Total Area Sqft: 4216
Total Below Grade Area: 2108

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.