About 328 N State Street 1-5
Investment Opportunity – Cash-Flowing 5-Plex in Kendallville! This purpose-built 5-unit property offers over 4,000 sq. ft. and has strong cash flow potential with room to raise rents. Having all units rented, this 5 plex brings in $4,200/month. Each unit is separately metered with split utilities, individual water heaters, and two units even have their own gas meters. Recent updates include a newer metal roof, vinyl siding, and updated water heaters. Tenants enjoy ample off-street parking and a convenient location close to schools, shopping, and downtown Kendallville. This is a rare chance to own a true multi-family income property with tenants already in place. Whether you’re looking to expand your portfolio or step into investment real estate with a strong performer, this 5-plex is the one to see!
Features of 328 N State Street 1-5
| MLS® # | 202540110 |
|---|---|
| Price | $400,000 |
| Bedrooms | 12 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 4,078 |
| Acres | 0.25 |
| Year Built | 1870 |
| Type | Multifamily |
| Sub-Type | Fiveplex |
| Status | Active |
Community Information
| Address | 328 N State Street 1-5 |
|---|---|
| Subdivision | None |
| City | Kendallville |
| County | Noble County |
| State | IN |
| Zip Code | 46755 |
Amenities
| Features | Basement, Ceiling Fan, Off Street Parking |
|---|---|
| Parking Spaces | 6 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Vinyl |
|---|---|
| Heating | Baseboard, Forced Air |
| Cooling | Central Air |
| # of Stories | 2 |
| Stories | Two Story |
| Has Basement | Yes |
| Basement | Partial Basement |
Exterior
| Exterior | Vinyl |
|---|---|
| Lot Description | Level |
| Construction | No |
School Information
| District | East Noble Schools |
|---|---|
| Elementary | North Side |
| Middle | East Noble |
| High | East Noble |
Additional Information
| Days on Market | 10 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Nicole Schnurr |
|---|---|
| Office | Open Door Rentals and Real Estate |