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Listed by Cherie Smith • True Realty
$ 650,000
Est. payment /mo
Active
371 & 383 W 12th ST Peru, IN 46970
12,306 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 12,306 sqft
Price per Sqft $52
MLS Listing ID 22080697
Tax Year 2024
Lot Size 1.520 Acres
Acres 1.52
Property Sub-Type Multi-Family 5+
Property Description
Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.
Location
State IN
County Miami
Zoning Commercial
Interior
Heating Baseboard, Electric, Forced Air, Natural Gas, Other
Cooling Window Unit(s)
Fireplace N
Exterior
Garage Spaces 2.0
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N false
Roof Type Metal,Shingle
Building
Story Other
Foundation Cellar, Crawl Space, Slab
New Construction false
Schools
School District Peru Community Schools
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