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$150,900   Price Analysis
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508 Jefferson St
Rochester, IN 46975
4 bed 2 bath 2,608 SqFt ($57/SqFt)
6,752SqFt lot. Built 1937
Listed 2024-05-14
USDA Eligible
near Rochester, IN
 Restrictions may apply
due to home size

Check out this charming duplex in the quaint town of Rochester Indianaan excellent find for first-time home buyers or those looking to expand their investment portfolio.

This duplex comes with two units: one ready for you to move in or rent out and the other currently rented for $1, 250 per month. If you're thinking about house hacking, this is your chance! You can live in one unit and let the other help pay your mortgage, especially with options like FHA or VA loans that might let yu buy with little down. The deal is pretty sweet for investors: you need to handle the trash service for about $110 a month, taxes (which are low) and insurance, while the tenants take care of the other utilities, including water, sewer, gas and electricity. Each unit features 2-bedrooms and 1-bathroom, all well-maintained and ready for someone to make them home. The property is being sold AS-IS and it's all set for you to start making it work for your goals. Why wait? Come see why this duplex could be a smart addition to your future plans. Schedule your tour today!

(Only one unit is the one featured in pictures, the other unit is


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Listing Agent Photo

Property MLS #202416974 from IRMLS

Bedrooms: 4

Total Bathrooms: 2 / 0
Full Bathrooms: 2

Cooling Features: Window
Heating Features: Gas, Forced Air

Furnished Description: Building, Land
Flooring: Carpet, Laminate

Basement Description: Michigan Basement

Lot Description: Level
Lot Size Acres: 0.1550046
Lot Size Dimensions: 41X165
Lot Size Square Feet: 6752

Garage Spaces: 4

Elementary School: Columbia / Riddle
High School: Rochester
Middle School: Rochester
School District: Rochester Community School Corp.

George M Riddle Elementary School is a public elementary school located approximately 0.4 miles away.
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Rochester Community High School is a public high school located approximately 0.8 miles away.
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Rochester Community Md School is a public middle school located approximately 1 miles away.
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Fulton County Christian Academy is a private elementary, middle and high school located approximately 0.7 miles away.
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Number of Units: 2
Number of Studio 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: 5
Total Rooms in Unit-2: 5
Unit-1 Square Feet: 1304
Unit-2 Square Feet: 1308
Unit 1 Total Actual Rent: 1150
Unit 2 Total Actual Rent: 1250

Income Includes: 28800
Tenant Pays: Cooling, Electric, Heating, Sewer, Water

Community Features: Basement, Ceiling Fan

Annual Tax Amount: 224
Source Listing Status: Active
County: Fulton County
Directions: Use Google maps or Apple Maps
Tax Year: 2024
Source Property Type: INVESTMENT
Owner Pays: Tax, Trash Collection
Parcel Number: 25-07-92-127-005.000-009
Township: Rochester
Trash Expense: 1320
Lot Number: 102
Source System Name: C2C

Price Changed 2024-05-29
$150,900
IRMLS
Listed 2024-05-14
$154,900
IRMLS

Net Operating Income: 27256

Total Square Feet Living: 2608
Year Built: 1937
Above Grade Finished Area: 2608
Below Grade Unfinished Area: 264
Property Age: 87
Levels or Stories: 2
Structure Type: Duplex
House Style: Two Story
Total Area Main: 1552
Total Area Sqft: 2872
Total Area Upper: 1056
Total Below Grade Area: 264

Sewer: City
City
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yardyard

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.