$85,900

Property Description

Two Homes, One Lot, One Investment Opportunity! Priced at $85,900, this unique property offers two separate rental residences on one residentially zoned city lot. Both homes are currently occupied by long-term tenants on month-to-month rental agreements. The charming front home, built in 1920, offers 927 square feet, 2 bedrooms, 1 full bath, and an inviting covered front porch. New roof and gutters were installed in 2023! The rear home, built in 1959, features 1,156 square feet with 2 bedrooms and 1 full bath upstairs, plus an attached garage. A partially remodeled main-level 3/4 bath is currently nonfunctional and awaits completion. Both residences would benefit from kitchen and bath updates, flooring, and fresh paint, offering an opportunity for future improvements. Effective November 2026, monthly rents will total $1,185, with tenants responsible for utilities, for a total of $14,220 in annual scheduled gross rental income. An affordable opportunity to expand your rental portfolio with established tenants and potential to add value over time. Buyer to verify elementary school assignment.

Property Facts & Features

Property Type

Multi Family

Status

For Sale

Listed

Oct 11, 2026

Price per Sq Ft

$41/sqft

ZIP Code

47803

Location

Lat 39.47512 · Lng -87.37144