**** TWO TRIPLEX'S for $275,000 *** See agent remarks. Seller has newer investment opportunity and wants to sell these asap!...Do they need work.. YES but.. opportunity awaits with this Triplex, a lucrative deal for a savvy investors. Boasting three well-appointed units in a strategic location, this property ensures a strong rental history and tons of potential! This triplex offers three 1 bed/1 bath units.
**** TWO TRIPLEX'S for $275,000 *** See agent remarks. Seller has new investment opportunity and wants to sell these asap! Do they need work.. YES.. but ...Embrace the potential of this triplex in the heart of Columbia City, offering versatility and convenience. Positioned near local amenities, this property is a prime investment for multi-family living or savvy investors. The possibilities are vast, making this triplex a promising opportunity in a desirable Columbia City location. Act now! This triplex offers three, 1 bed/1 bath units.
Fully occupied 6 plex in Columbia City close to downtown. All units are 1 bedroom units with 4 ground floor apartments and 2 upstairs apartments. There are about 6+ parking spots available on site on the large 75' X150' lot. All leases have just been signed for a 1 year term. There are some long term tenants and rents are considered to be very affordable with upside potential at the end of the 1 year term. 5 units rent for $525 per month, unit 210 1/2 at $600. There are 6 electric meters and 4 gas meters and 1 water meter. Tenants pay gas and electric. Landlord pays water, sewer and trash per owner-water, sewer and trash about $380 per month.
Columbia City is located in Indiana. Columbia City, Indiana has a population of 9,390. Columbia City is less family-centric than the surrounding county with 23.17% of the households containing married families with children. The county average for households married with children is 27.34%.
The median household income in Columbia City, Indiana is $53,797. The median household income for the surrounding county is $67,716 compared to the national median of $69,021. The median age of people living in Columbia City is 38.4 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 16.3 degrees. The average rainfall is approximately 40.2 inches per year, with 30.7 inches of snow per year.
