About 509 Prospect Street
This unique property offers two properties on one tax-key ... a spacious two-story duplex plus a charming single bungalow home. Each unit features 2 bedrooms and 1 full bath, providing versatile living options for investors or owner-occupants. The main level of the duplex is already occupied by a long-term tenant of over 20 years, giving you immediate rental income! With properties in very good condition and minimal updates needed, you can move right in or start renting right away. Offering new windows, flooring, HVAC, cabinets and baths. Live in the bungalow while the duplex pays your mortgage, or rent all three units for a strong cash flow opportunity. A detached garage adds even more value and convenience. This is truly a must-see to appreciate property ... don’t miss your chance to own such a rare and profitable find! Since the upper level and single unit have been rehabbed current owner has not had renters ... So we do not have expenses at this time and the ROI is figured at the rental prices shown for each unit and is a guesstimate.
Features of 509 Prospect Street
| MLS® # | 202538768 |
|---|---|
| Price | $339,900 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,068 |
| Acres | 0.23 |
| Year Built | 1880 |
| Type | Multifamily |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 509 Prospect Street |
|---|---|
| Subdivision | None |
| City | Elkhart |
| County | Elkhart County |
| State | IN |
| Zip Code | 46514 |
Amenities
| Features | Basement, Fireplace |
|---|---|
| Parking Spaces | 4 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate, Vinyl Tile, Wood |
|---|---|
| Heating | Gas, Forced Air |
| Cooling | None |
| # of Stories | 2 |
| Stories | Two Story |
| Has Basement | Yes |
| Basement | Partial Basement, Unfinished |
Exterior
| Exterior | Vinyl |
|---|---|
| Lot Description | Level |
| Construction | No |
School Information
| District | Elkhart Community Schools |
|---|---|
| Elementary | Beardsley |
| Middle | North Side |
| High | Elkhart |
Additional Information
| Days on Market | 24 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Jennea Schirr |
|---|---|
| Office | McKinnies Realty, LLC Elkhart |
| Contact Info | Cell: 574-215-9291 |