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Mariah Cressy

mariahcressy@cressyeverett.com +1(574) 339-4941

Listed by Open Door Rentals and Real Est

$220,000

Est. payment - /mo

5 Beds

3 Baths

2,272 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,272 sqft

MLS Listing ID IRM202625190

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,843

Tax Year 2026

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50*125

Property Sub-Type Triplex

Property Description

TRIPLEX in DeKalb County. This brick home situated on 2 lots near downtown Garrett is a turn key investment. Unit 1 (vacant for showings:upstairs) rents is a 3 bed 1 bath and rents for $975, unit 2 is 1 bed 1 bath and rents for $685 (month to month lease, unit 3 is a 1 bed 1 bath and rents for $675 (expires 1-31-27). $2335 monthly income! Property insurance is $926/yr and taxes are $2843/yr. Each unit is RUBS Water/sewer/trash. Professional management in place. 1 water/sewer meter, 3 electric meters, basement access from exterior. Each unit has a stove/refrigerator. Unit 1 has a gas furnace (1 gas meter). Unit 2 is electric baseboard. Unit 3 is all electric baseboard heat. Parking in the rear of unit. Owner pays to mow lawn. Year 1 Estimated Value: $228,800 Year 1 Appreciation Gain: $8,800 Year 1 ROI on Cash Invested: 19.6% Year 5 Estimated Value: $267,664 Year 5 Appreciation Gain: $47,664 Year 5 ROI on Cash Invested: 105.9%

Location

State IN

County Dekalb County

Rooms

Basement Full

Interior

Heating Baseboard, Forced Air

Inclusions Building, Lease

Fireplace N

Exterior

Parking Features Gravel

View Y/N true

Total Parking Spaces 6

Building

Lot Description Sloped

Story Two

Sewer Public Sewer

Water City

Level or Stories Two

New Construction No

Schools

Elementary Schools J.E. Ober

Middle Schools Garrett

High Schools Garrett

School District Garrett Keyser Butler

Others

Pets Allowed No

Tax ID 17-09-04-233-020.000-013

Acceptable Financing IRM202625190

Listing Terms IRM202625190

Special Listing Condition None

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202625190

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Mariah Cressy

+1(574) 339-4941

Broker

110 S Cowen ST Garrett, IN 46738

Mariah Cressy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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