106 E Pendleton Ave, Lapel, IN 46051

Build your portfolio with this high demand rental area duplex. Or live upstairs and let the other unit's rent help cover your mortgage! Lower (larger) unit currently rents for $1,100 a month, upper unit was rented for $600 a month and could be increased now. Tenant moved from upper unit to lower unit once it was renovated. Spacious lower unit is 3 bedrooms and 2 full bathrooms. New flooring, paint, cabinets, bath finishings, and more- fully refurbished June 2024! Upper unit (2 beds 1 bath) can still be updated to increase rent. Lower unit is currently leased through July 2025. Showings available on upper unit until offer is accepted. Listing photos are all of lower unit. Owner currently pays utility bills and agreement in place is that the lower unit reimburses for 2/3 of the cost, and 1/3 for upper unit for City of Lapel bill (ranges from $120 in summer to $300 in winter.) Duke bill can be separated by unit if desired, (metered separately) & runs less than $100 per month.