4-unit investment opportunity in the heart of downtown Crown Point offering immediate income with clear upside potential. The property features a unit mix of two 2-bedroom units and two 1-bedroom units, each with separate entrances for added privacy and flexibility. Two units have been updated with improvements including flooring, lighting, paint, and bathroom finishes, while the remaining two units are in solid condition with room for additional updates and increased rents. Tenants benefit from off-street parking with eight dedicated spaces located on a low-traffic side street, as well as walkability to restaurants, shops, and amenities just a few blocks away. Situated on a corner lot in a highly desirable downtown location with strong rental demand and access to Crown Point schools. Owner currently covers water, sewage, trash, and heat, with tenants responsible for electric and cooking gas, offering an opportunity to further optimize expenses. All units are currently on month-to-month leases, providing flexibility for investors to adjust rents or for an owner-occupant to occupy a unit.
Listed By
Broker Name: Better Homes and Gardens Real
Broker Phone: (219) 999-8990
Shown By
Agent Name: Michele Matheis
Agent Phone: (888) 988-0838
Broker Title: Cressy & Everett Real Estate
Estimated Payment
$ 3,308.57 per month $2,822.02 Principal & Interest $320.33 Property Tax $166.22 Homeowner's InsuranceSend an email with a link to
324 S Main Street , Crown Point, IN 46307.
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