This immaculate 5-plex, located just steps from the Trine University campus, could be just the opportunity you're looking for. All units are currently rented, so monthly income stream is immediate upon purchase of the property. Each unit has a separate layout, and monthly rental income ranges between 600-$700 per unit. Landlord pays gas (between $50-$55/month in summer, between $175-$240/month in the winter). Tenants pay electric, which is metered and added to rental invoice. Property maintenance for the previous year (lawn care, cleaning, painting, carpet repair, drywall repair, plumbing, fire extinguisher inspections, etc.) was just under $3500 for the previous year. Leases for all units are available, as well as more detailed information about improvements to each unit.
Off market
Zestimate®
$304,400
320 S Superior St, Angola, IN 46703
8beds
3,168sqft
MultiFamily
Built in 1930
-- sqft lot
$304,400 Zestimate®
$96/sqft
$1,359 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced air, Other
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
- Laundry: Common Area
Features
- Laminate Counters
- Flooring: Carpet, Laminate
- Basement: Partially Finished, Partial, Exterior Entry, Michigan Basement, Outside Entrance Only
Interior area
- Total interior livable area: 3,168 sqft
- Finished area below ground: 800
Property
Features
- Entry location: Unit 2 Level(Main)
- Exterior features: Wood
- Fencing: Fenced, Chain Link, Wood
Lot
- Size: 8,276 sqft
- Features: Level, Corner Lot, Near College Campus, City/Town/Suburb
Details
- Additional structures: Shed(s)
- Parcel number: 760626310515000012
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Crawl/Raised
- Roof: Other
Condition
- Year built: 1930
Utilities & green energy
- Electric: NIPSCO
- Gas: NIPSCO
- Sewer: City
- Water: City
- Utilities for property: Cable Connected
Community & neighborhood
Location
- Region: Angola
HOA & financial
Other financial information
- Total actual rent: 45800
Other
Other facts
- Flooring: Carpet, Laminate
- Heating: Forced Air
- Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Microwave, Washer
- Roof: Shingle
- Basement: Partially Finished, Partial, Exterior Entry, Michigan Basement, Outside Entrance Only
- HeatingYN: true
- CoolingYN: true
- RoomsTotal: 8
- LeaseTerm: 12 Months, Unit 4 Rent Frequency(Other)
- ConstructionMaterials: Wood Siding
- NumberOfUnitsTotal: 5
- Fencing: Fenced, Chain Link, Wood
- LotFeatures: Level, Corner Lot, Near College Campus, City/Town/Suburb
- Cooling: Window Unit(s)
- OwnerPays: Grounds Care, Water, Taxes, Snow Removal, Maintenance, Fuel, Unit 1 Gas, Unit 2 Gas, Unit 3 Gas, Unit 4 Gas, Unit 5 Gas
- Utilities: Cable Connected
- NumberOfUnitsLeased: 5
- FarmLandAreaUnits: Square Feet
- FoundationDetails: Stone, Basement
- TrashExpense: 0
- WaterSewerExpense: 0
- MaintenanceExpense: 3500
- OpenParkingYN: true
- TenantPays: Electricity, Other, Deposit Value, Unit 1 Electric, Unit 2 Electric, Unit 3 Electric, Unit 4 Electric, Unit 5 Electric
- LaundryFeatures: Common Area
- ParkingFeatures: On Street, No Driveway
- InteriorFeatures: Laminate Counters
- BelowGradeFinishedArea: 800
- ElectricExpense: 0
- FuelExpense: 0
- InsuranceExpense: 0
- OtherStructures: Shed(s)
- CurrentFinancing: Clear
- NumberOfSeparateElectricMeters: 5
- NumberOfSeparateGasMeters: 1
- WaterSource: City
- PetsAllowed: Pet Restrictions
- OtherExpense: 2000
- Sewer: City
- MlsStatus: Active
- Gas: NIPSCO
- Electric: NIPSCO
- EntryLocation: Unit 2 Level(Main)
- ListPriceLow: 279500
- TaxAnnualAmount: 4837.1
- GrossIncome: 3817
- NetOperatingIncome: 35462.9
- TotalActualRent: 45800
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$304,400
2% more+$6,088
With Zillow Showcase(estimated)$310,488