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900 Locust Street

Terre Haute IN 47807

5227 sq. ft.
Duplex
Currently for sale - view listing

Overview

This spacious two-story brick duplex offers an excellent opportunity for investors or owner-occupants looking to offset their mortgage with rental income! Each apartment features 4 bedrooms and 2 full bathrooms. 1 Bedroom and 1 full bathroom located on the main level and 3 bedroom/1 bathroom located upstairs. Both sides have consistently rented for $1,300 per month, providing a strong rental history and a potential gross rental income of $2,600 per month when fully occupied. The owner has intentionally left one side vacant to make showings easier, giving the new owner the flexibility to select their next tenant or move into the vacant unit and let the occupied side help offset the mortgage. Even better, tenants are responsible for all utilities, helping keep operating expenses favorable for the owner. Located within walking distance of Indiana State University, this property offers a convenient location, proven rental potential, and multiple possibilities for its next owner. Whether you're looking to expand your investment portfolio or take advantage of an owner-occupied income-producing property, this duplex is one you'll want to see!

Features

5227 sq. ft. lot size
Duplex

Property history for 900 Locust Street

2023
Sold
$123,000
19 May 2023 by Tracey Symon, of NextHome Real Estate Connections
2022
Sold
Undisclosed
02 Nov 2022

Happy sellers in Terre Haute

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Local market activity for duplexes in Terre Haute

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Sales:
(619) 566-0008
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