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$185,000
3 Beds ⋅ 2 Baths ⋅ 202628544 MLS ⋅ 2,448 SqFt. ⋅ Andrea Shepherd
This top/bottom duplex offers a rare turnkey opportunity with a proven rental history and strong financials: the bottom unit is leased through April 2027 for immediate cash flow, while the top unit is vacant and ready to fill quickly from an existing waiting list of qualified applicants, and with a brand-new roof and gutters (just one year old), tenants covering all utilities, and professional property management already in place and available to remain with the sale, this is a genuinely hands-off income property ready for its next owner.

334 W 5th Street, Auburn

Listing courtesy of Andrea Shepherd from Mike Thomas Assoc., Inc. 260-489-2000
$220,000
5 Beds ⋅ 3 Baths ⋅ 202625190 MLS ⋅ 3,342 SqFt. ⋅ Tammie Jones
TRIPLEX in DeKalb County. This brick home situated on 2 lots near downtown Garrett is a turn key investment. Unit 1 (vacant for showings:upstairs) rents is a 3 bed 1 bath and rents for $975, unit 2 is 1 bed 1 bath and rents for $685 (month to month lease, unit 3 is a 1 bed 1 bath and rents for $675 (expires 1-31-27). $2335 monthly income! Property insurance is $926/yr and taxes are $2843/yr. Each unit is RUBS Water/sewer/trash. Professional management in place. 1 water/sewer meter, 3 electric meters, basement access from exterior. Each unit has a stove/refrigerator. Unit 1 has a gas furnace (1 gas meter). Unit 2 is electric baseboard. Unit 3 is all electric baseboard heat. Parking in the rear of unit. Owner pays to mow lawn. Year 1 Estimated Value: $228,800 Year 1 Appreciation Gain: $8,800 Year 1 ROI on Cash Invested: 19.6% Year 5 Estimated Value: $267,664 Year 5 Appreciation Gain: $47,664 Year 5 ROI on Cash Invested: 105.9%

110 S Cowen Street, Garrett

Listing courtesy of Tammie Jones from Open Door Rentals and Real Est. 260-333-7368
$165,000
4 Beds ⋅ 2 Baths ⋅ 202607296 MLS ⋅ 3,256 SqFt. ⋅ Sydney Heinbaugh
Investment opportunity in Garrett! This fully renovated duplex offers two spacious 2-bedroom, 1-bathroom units, both currently vacant and ready for immediate occupancy or tenant placement. Extensive recent improvements include a complete exterior renovation as well as full updates to both interior units, providing a turnkey opportunity for investors or owner-occupants. Utilities are separately metered for added convenience and efficient property management. The lower unit features in-unit laundry, a highly desirable amenity for tenants. With both units unoccupied, buyers have the flexibility to set market rents, select their own tenants, or live in one unit while generating income from the other. Conveniently located near local amenities, this property presents a rare opportunity to acquire a move-in-ready, income-producing asset with significant upside potential. Buyer to verify room measurements. Schedule your showing today!

200 E King Street, Garrett

Listing courtesy of Sydney Heinbaugh from Uptown Realty Group. Cell: 330-509-9593

IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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