Perfect opportunity for the savvy investor to build equity with a little elbow grease. Downstairs is a 2 bedroom unit with deck in back that rents for $700/month. Upstairs is a 1 bedroom studio appartment renting for 425/month. The main part of the house has a steel roof. 10 year old furnace, central air and electric water heaters. Both units are occupied on month to month terms. Seller pays the water and trash bill.
You'll want to jump on this investment property immediately! The 1430 SF lower level is completely updated and ready to go. It was formerly a coffee shop but the possibilities are endless. There's a large front room, a spacious back room, 1/2 bath and mechanical room with extra storage. The upper level is a 1430 SF 3 bedroom apartment. There will be immediate occupancy as the tenants just moved out. The apartment has a very large living area, dining area, kitchen, laundry room, and full bath. There are many closets and built ins. The apartment has front and rear access along with a spacious backyard for some outdoor living space.
This exceptional triplex is a fantastic investment opportunity, offering: Two One-Bedroom Apartments on the Ground Floor: Cozy and well-maintained. Spacious Two-Bedroom Apartment: Featuring living space on the ground floor and two large bedrooms upstairs. Rental Income Potential: With all three units currently occupied, the property is generating a consistent rental income, with the potential to exceed $2,000 per month. Tenant Stability: All three apartments are occupied by reliable tenants who have maintained the units well. This fully occupied triplex offers a strong return on investment in a desirable location. Donâ??t miss out on this rare opportunity.
Butler is located in Indiana. Butler, Indiana has a population of 2,763. Butler is less family-centric than the surrounding county with 22.14% of the households containing married families with children. The county average for households married with children is 27.79%.
The median household income in Butler, Indiana is $48,620. The median household income for the surrounding county is $51,374 compared to the national median of $57,652. The median age of people living in Butler is 32.9 years.
The average high temperature in July is 83.3 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 37.6 inches per year, with 35.4 inches of snow per year.
