Prime Investment Opportunity in Cedar LakeDiscover an exceptional investment opportunity in the heart of Cedar Lake. This charming ranch-style multi-unit duplex is perfect for savvy buyers looking to capitalize on rental income or enjoy lakeside living while generating revenue. Rent both units or live in one and lease the other.Recent Renovations:Unit 12986 Colfax (Tenant-Occupied):Fully remodeled in 2022/232 bedrooms, new bathroom, living room, galley kitchen, dining room, laundry/utility roomNew flooring, water heater (2022), dishwasher (2021), refrigerator and washer (2023)Unit 6451 W 129th Ave (Owner-Occupied):Fully remodeled in 20222 bedrooms, bathroom, living room with fireplace, galley kitchen, dining room, laundry/utility roomNew flooring, water heater, microwave and refrigerator (2022)Additional Features:Tenants are responsible for their own utilities and lawn/snow maintenance.Each unit includes a sump pump and features a dry crawl space, ensuring a well-maintained environment.New Commercial grade water softener systemNew maintenance-free solid surface deckPrime Location, situated near the coveted Cedar Lake with numerous amenities. Top rated Crown Point Schools.Walking distance to Lemon Lake, offering a serene and picturesque setting.This well-maintained property offers a unique opportunity to own prime real estate in a sought-after lake community. Don't miss out on this amazing investment potential. Possession subject to tenants' rights.
Closed
$341,000
12986 Colfax St, Cedar Lake, IN 46303
4beds
--sqft
Duplex
Built in 1977
-- sqft lot
$349,600 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 18, 2024 at 07:27am
Listed by:
Sladjana Keric,
@properties/Christie's Intl RE 219-440-0070
Bought with:
Christine Swisher, RB17000623
BHHS Executive Realty
Source: NIRA,MLS#: 805642
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Appliances
- Included: Dishwasher, Washer, Water Softener Owned, Washer/Dryer Stacked, Microwave, Gas Water Heater, Free-Standing Refrigerator, Free-Standing Gas Range, Free-Standing Electric Range, Dryer
- Laundry: In Unit, Main Level, Laundry Room
Features
- Ceiling Fan(s)
- Basement: Crawl Space,Sump Pump,Exterior Entry
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Finished area above ground: 1,574
Property
Parking
- Total spaces: 2
- Parking features: Attached, Side By Side, Shared Driveway, On Street, Garage Door Opener, Driveway, Concrete
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Patio & porch: Deck, Front Porch
- Exterior features: Garden
- Pool features: None
- Fencing: None
Lot
- Size: 0.29 Acres
- Dimensions: 90 x 140
- Features: Back Yard, Level, Garden, Landscaped, Corner Lot
Details
- Parcel number: 451523427025.000043
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Curbs
Location
- Region: Cedar Lake
- Subdivision: Lemon Lake Estates
HOA & financial
Other financial information
- Total actual rent: 14400
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,FHA,Conventional
- Road surface type: Asphalt
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$349,600
2% more+$6,992
With Zillow Showcase(estimated)$356,592