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342 Lincoln Highway East

New Haven IN 46774

11
12
3717 sq. ft.
20473 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Attention Investors! Turnkey income producing property. There is an ANNUAL NET income of $45, 460 on this mixed use property. There are 12 units. In the front building there are 2 retail units-one is a salon ($650/mo rent) that has been rented for 7 years, the other could be an office or easily converted into an apartment. Sellers have a bid of $10, 000 to convert to a residential apartment (rent to be $900/mo). There is also a studio ($700/mo rent) and a 2 bedroom ($1100/mo rent) apartment in this building. In the rear building there are 8 efficiency apartments, some with long term tenants. These rent for $400/month. There is a 9thefficiency space that is used as the maintenance room. A storage shed is located next to the efficiencies.

Features

11 bedrooms
12 bathrooms
3717 sq. ft. floor area
20473 sq. ft. lot size
Multi-Family

Property history for 342 Lincoln Highway East

2022
Sold
Undisclosed
03 May 2022

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Local market activity for 11 bedroom multi families in New Haven

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