316 S Lee ST, Garrett, IN 46738
316 S Lee ST, Garrett, IN 46738
316 S Lee ST, Garrett, IN 46738
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Mariah Cressy

Mariah Cressy

+1(574) 339-4941
Listed by Keller Williams Indy Metro NE
$219,900
Est. payment /mo
3 Beds
3 Baths
2,004 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,004 sqft

MLS Listing ID IRM202632112

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,500

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 45x125

Property Sub-Type Triplex

Property Description

Well maintained fully occupied triplex - one of NE Indiana's stronger, faster-appreciating submarkets. Two units thoroughly updated within the last few years; third in good condition with a long-term tenant. Unit 1 (first floor, most updated): $1,000/mo Unit 2 (upstairs, long-term tenant, about 10 yrs): $750/mo Unit 3 (back, updated): $1,050/mo Owner pays utilities and lawn care. Off-street parking for 3-4 vehicles. Separate basement access for all units. 3 separate washer/dryer connections (gas and electric) are available and currently unused. Gross: $33,600/yr NOI: $24,900/yr Cap rate: 11.3% GRM 6.5

Location

State IN

County Dekalb County

Rooms

Basement Partial

Interior

Heating Hot Water

Inclusions Building, Land, Lease

Fireplace N

Exterior

View Y/N true

Total Parking Spaces 4

Building

Lot Description Irregular Lot

Story One and One Half

Sewer Public Sewer

Water Public

Level or Stories One and One Half

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 17-09-03-153-031.000-013

Acceptable Financing IRM202632112

Listing Terms IRM202632112

Special Listing Condition None

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202632112

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Mariah Cressy

Mariah Cressy

+1(574) 339-4941

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