202-204 Mill Street Pending Save Request In-Person Tour Request Virtual Tour
Gaston,IN 47342
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,202 sqft
Price per Sqft $81
MLS Listing ID 202532289
Style One Story
Bedrooms 4
Full Baths 2
Year Built 2006
Annual Tax Amount $1,080
Tax Year 2024
Lot Size 6,969 Sqft
Property Sub-Type Duplex
Property Description
Prime Investment Opportunity in Gaston! This full-brick duplex, built in 2006, is one of the best investment properties in the area. Each side offers 1,101 sq ft with 2 bedrooms, 1 bath, interior laundry, a spacious living room, and an oak cabinet kitchen complete with appliances (refrigerator, dishwasher, range, microwave, and water softener). One unit is currently leased at $850/month, while the freshly remodeled vacant unit is ready to lease at $900/month. Tenants pay all utilities, and both units feature high-efficiency furnaces and owned water softeners—keeping operating costs low. The owner pays for mowing as needed (very little to mow) and the property insurance is only $1080/yr. Once fully rented, you should see around $21,000 a year in annual gross rent. The vacant unit has been recently updated with new flooring, fresh interior paint, a new gas stove, and a modernized bathroom. Outside, you'll find plenty of street parking and the option to add a privacy fence on the south side for extra separation from neighboring businesses. One tenant has been there for 3+ yrs and wants to continue, and the vacant property was leased for 3 yrs before that expired. This property has been meticulously maintained and is truly turn-key.
Location
State IN
County Delaware County
Area Delaware County
Rooms
Dining Room 0 x 850
Interior
Flooring Carpet,Vinyl Tile
Laundry , 2
Exterior
Garage Spaces 1.0
Fence None
Amenities Available Ceiling Fan,Closet(s) Walk-in,Countertops-Laminate,Detector-Smoke,Patio Covered,Water Heater Gas,Water Softener-Owned,Sump Pump
Roof Type Asphalt,Shingle
Building
Lot Description Level,0-2.9999
Story 1
Structure Type Brick
New Construction No
Schools
Elementary Schools Wes-Del
Middle Schools Wes-Del
High Schools Wesdel
School District Wes-Del Community Schools
Others
Virtual Tour https://my.matterport.com/show/?m=eWTxFVDeBpU&brand=0