531 N Main

Kendallville, Indiana 46755

Multi Family

2 beds 2 baths


  • Property Details

    Priced to sell! great investment opportunity. Currently zoned R-2. Use variance was issued in 1970 for beauty shop. The current owner rents out the upstairs one bedroom apt. for $350 per month. It has 1-Bedroom, Kitchen, LR, & Bath. The front of this property has a 5ft. wide enclosed wrap around porch. The home has 2 water heaters. The upstairs is heated with electric baseboard and tenant pays for electric only. Downstairs heated by gas furnace. Gas water heater for downstairs NEW Feb. 2016. Front street parking plus gravel lot in back for approx. 5 cars. Most of windows have been replaced with vinyl insulated. Six are not done, plus ones in enclosed porch. Washer and dryer on main level stay. Current owner pays $135/yr. for termite protection(transferable warranty). Owner wants to sell in "as is" condition. Asphalt alley behind property. Avg. Utility Costs: Elec. Up-$110/mo., Down-$50/mo., Gas:$87/mo., Water/sewer:$65/mo, Trash:$69/qtr. Also ML#:201606228
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  • Additional Property Information

    This multi family listing located at 531 N Main, Kendallville, IN has two bedrooms and two bathrooms. The property is presently offered at $49,900.

    Includes features like basement.

    This property is presented by Jay Price of Mike Thomas Associates headquartered in Indiana.