Properties

135 & 137 W Wayne Street, Spencer, Indiana 47460 MLS 202504297

0.40 acre - 135 & 137 W Wayne Street, Spencer, Indiana 47460

QR Code
Property Description

Calling all investors! Looking for a stable, immediate cash flow property in excellent condition? This lot offers 5 Duplexes with upper/lower units and 1 site built home, all 11 units are currently rented out with a strong rental history and plenty of room for potential revenue. Gravel parking lots in front of the units allow for off street parking for each resident. All 11 units have 2 bedrooms & 1 bathroom, with individual porches for enjoyment, new metal roofs, and the current property manager does routine walk-throughs in Fall & Spring to keep up on repairs. The buildings are structurally in excellent condition making for a great investment.

Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 202504297
Price : $1,150,000
Bedrooms : 2
Rooms : 5
Bathrooms : 1
Half Bathrooms : 0
Year Built : 1900
Lot Area (ACRES) : 0.40
Total Finished SqFt : 1,728
Address Map
Country : US
State : IN
City : Spencer
Area : Owen County
Subdivision : None
Zipcode : 47460
Street : Wayne
Street Number : 135 & 137
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Additional Details
Property SubType : Site-built home
Status : Active
Pool Y/N : No
Style : Attached
School District : Spencer-owen community schools
Elementary : Spencer
Middle School : Owen valley
High School : Owen valley
Waterfront Y/N : No
New Construction : No
Investment Property Y/N : Yes
Lot Dimensions : IRREGULAR
# of Fireplaces : 0
Main Level SqFt : 864
Approx. Lot Size SqFt : 17,424
Total Baths : 1
Annual Taxes : $6,276
Association Dues $ : $0
Other Fees $ : $0
Garage Y/N : No
Fireplace Y/N : No
Garage Type : Detached
Laundry Level : Main
Water Utility : City
Sewer : City
REO Y/N : No
Basement Y/N : No
LOT DESCRIPTION : Corner, 0-2.9999
EXTERIOR : Vinyl
BASEMENT/FOUNDATION : Slab
HEATING/FUEL : Electric
COOLING : Central air
ARCHITECTURAL STYLE : Duplex
Age : 125

Listing provided courtesy of: Keith Realty & Auction Group, Taylor Kay.

Residential For Sale
  • Listing ID : 202504297
  • Bedrooms : 2
  • Bathrooms : 1
  • Lot Area (ACRES) : 0.40 acre
  • Visits : 0 in 11 days
$1,150,000
Agent info
Keith Realty & Auction Group
2411 River Road, Spencer, IN 47460
Contact Agent

Want to See the Property?