Duplex Investment Opportunity in Terre Haute! Great opportunity to own a duplex featuring two efficiency/one-bedroom apartments, offering flexibility for an investor or owner-occupant. Both units are currently vacant, providing the opportunity to renovate, lease, and establish your own rental strategy from day one. Each unit offers functional living space, while the property also provides off-street parking in the rear, basement storage, and a fenced-in yard. The property is equipped with a newer furnace, adding value and peace of mind for the next owner. With two separate units and both currently vacant, this property offers the potential to create rental income while allowing a new owner to make improvements and updates according to their own vision. Convenient Terre Haute location with the added benefits of off-street parking, additional storage, and a private fenced yard.
Investor opportunity with major improvements already completed! 604 S Center Street is a value-add duplex offering the next owner the chance to finish the project, build equity and create future rental income without starting from square one. The exterior has been extensively renovated with new siding, new windows, a new deck and additional improvements that give the property a refreshed appearance. Inside, much of the expensive infrastructure work has already been addressed, including updated plumbing throughout and new electrical wiring. Unit 1 is configured as a spacious 3-bedroom, 1-bath residence and has progressed to the drywall stage, giving the next owner a strong head start toward completion. Unit 2 offers a 2-bedroom, 2-bath layout and is currently gutted, providing a blank canvas to finish according to your preferred design, materials and rental strategy. Once completed, the property offers two sizable units with a total of five bedrooms and three bathrooms, creating flexibility for a buy-and-hold investor, rental portfolio addition or value-add renovation project. Conveniently located in Terre Haute's 47807 area with access to downtown, Indiana State University, shopping, dining and other major employment and educational centers. With the exterior improvements, plumbing and electrical work already underway, much of the heavy lifting has been completed. Bring your finishing vision, complete the interiors and put this duplex to work. A great opportunity for an investor looking for their next project with significant upside potential. Schedule your showing and see what 604 S Center Street could become.
New Duplex Investment Opportunity – Terre Haute, Indiana Here is a chance to add a clean, brand-new income-producing property to your real estate portfolio: two newly constructed duplexes offering four total rental units in Terre Haute. Each unit features a spacious 2-bedroom, 1-bath layout with attractive granite countertops, nice cabinetry, and finishes designed to appeal to today’s renter. With a target rent of $1,250 per month per unit, this property offers projected gross rental income of: $5,000 per month $60,000 per year Tenants pay their own utilities, and the units have separately metered electric, helping keep landlord overhead more manageable and making utility responsibility straightforward for each resident. Separately metered utilities are generally desirable in duplex ownership because they allow residents to be billed for their own consumption. This is a strong opportunity for the investor wanting newer construction, modern finishes, four doors under one investment, and the potential for dependable monthly cash flow. Put tenants in place, let the granite tops and fresh finishes help attract quality renters, and enjoy an investment built for the long haul.
Auction Dates: https://www.servicelinkauction.com/property-details/1017-s-7th-st-terre-haute-47807-in-united-states-trd
Awesome opportunity to add an affordable, income-producing TRI-PLEX to your rental portfolio in Terre Haute, Indiana. This “cash cow” has been cash flowing for years, with established long-term tenants already in place — and it has the potential to keep producing dependable income for years to come. The property brings in a total of $1,900 per month in current rent, which equals $22,800 in projected annual gross income before expenses. With three rental units under one roof, this is a great way to add multiple income streams without buying multiple properties. Let your rental portfolio work while you enjoy more freedom. Whether you are a first-time investor looking for an affordable entry point or an experienced landlord ready to add more doors, this Terre Haute triplex deserves a look.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Terre Haute is located in Indiana. Terre Haute, Indiana has a population of 58,450. Terre Haute is less family-centric than the surrounding county with 24.83% of the households containing married families with children. The county average for households married with children is 26.42%.
The median household income in Terre Haute, Indiana is $38,750. The median household income for the surrounding county is $48,552 compared to the national median of $69,021. The median age of people living in Terre Haute is 32.5 years.
The average high temperature in July is 86.7 degrees, with an average low temperature in January of 19.8 degrees. The average rainfall is approximately 44 inches per year, with 16.1 inches of snow per year.
