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Dawn Evans

dawn@theevansrealtygroup.com +1(812) 327-8878

Listed by Tammie Jones • Open Door Rentals and Real Est

$ 220,000

Est. payment -/mo

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Pending

110 S Cowen Street Garrett, IN 46738

5 Beds

3 Baths

2,272 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,272 sqft

MLS Listing ID 202625190

Style Two Story

Bedrooms 5

Full Baths 3

Abv Grd Liv Area 2,272

Total Fin. Sqft 2272

Year Built 1900

Annual Tax Amount $926

Tax Year 2026

Lot Size 6,098 Sqft

Property Sub-Type Triplex

Property Description

TRIPLEX in DeKalb County. This brick home situated on 2 lots near downtown Garrett is a turn key investment. Unit 1 (vacant for showings:upstairs) rents is a 3 bed 1 bath and rents for $975, unit 2 is 1 bed 1 bath and rents for $685 (month to month lease, unit 3 is a 1 bed 1 bath and rents for $675 (expires 1-31-27). $2335 monthly income! Property insurance is $926/yr and taxes are $2843/yr. Each unit is RUBS Water/sewer/trash. Professional management in place. 1 water/sewer meter, 3 electric meters, basement access from exterior. Each unit has a stove/refrigerator. Unit 1 has a gas furnace (1 gas meter). Unit 2 is electric baseboard. Unit 3 is all electric baseboard heat. Parking in the rear of unit. Owner pays to mow lawn. Year 1 Estimated Value: $228,800 Year 1 Appreciation Gain: $8,800 Year 1 ROI on Cash Invested: 19.6% Year 5 Estimated Value: $267,664 Year 5 Appreciation Gain: $47,664 Year 5 ROI on Cash Invested: 105.9%

Location

State IN

County Dekalb County

Area Dekalb County

Direction randolph to king to cowen

Rooms

Family Room 685 x 675

Dining Room 0 x 975

Interior

Flooring Carpet, Laminate

Fireplaces Number 3

Appliance Building, Lease

Laundry , 6

Exterior

Garage Spaces 1.0

Amenities Available Basement, Ceiling Fan, Fireplace, Off Street Parking, Ceiling-9+, Detector-Carbon Monoxide, Detector-Smoke, Water Heater Electric, Sump Pump

Roof Type Shingle

Total Parking Spaces 6

Building

Lot Description Slope

Story 2

Structure Type Brick

New Construction No

Schools

Elementary Schools J.E. Ober

Middle Schools Garrett

High Schools Garrett

School District Garrett Keyser Butler

Others

Financing Cash,Conventional,FHA,VA

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202625190

IDX information provided by the Indiana Regional MLS

NEARBY SCHOOLS & PROPERTIES

Dawn Evans

Real Estate Broker/Realtor | RB19001118

+1(812) 327-8878

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Dawn Evans

110 S Cowen Street Garrett, IN 46738

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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110 S Cowen Street