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  • $175,000

    500 Middlebury St, Elkhart, IN 46516

    5beds
    2,592sqft
    Triplex
    Built in 1886
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $1,161 Estimated rent

    What's special

    Don’t miss this incredible opportunity to add 5 buildings with 11 units to your portfolio, generating gross rents of approximately $7,000/month. Priced at $600,000, this package fits the 1% rule, making it an attractive investment. Some units have been freshly updated, adding further value to this deal. Addresses included: 420 Middlebury St., Elkhart 426 Middlebury St., Elkhart 500 Middlebury St., Elkhart 748 Monroe St., Elkhart 911 & 913 Princeton St., Elkhart (one building) Please Note: Due to a language barrier with tenants, showings will only be conducted after accepted offers. Please make your offer contingent on walkthroughs. Perfect for investors looking to expand their portfolio with a solid cash flow!

    Zillow last checked: 7 hours ago

    Listing updated: May 16, 2025 at 03:37am

    Listed by:

    Stephen DiJulius 574-250-0893,

    St. Joseph Realty Group

    Bought with:

    Stephen DiJulius

    St. Joseph Realty Group

    Source: IRMLS,MLS#: 202436625MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air
    Cooling
    • Central Air
    Features
    • Flooring: Mixed
    • Basement: Full
    Interior area
    • Total structure area: 4,736
    • Total interior livable area: 2,592 sqft
    • Finished area above ground: 2,592
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Off Street Parking
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch Covered
    Lot
    • Size: 10,454 sqft
    • Dimensions: 83X127
    • Features: Corner Lot, Level, 0-2.9999
    Details
    • Additional structures: None
    • Parcel number: 200604364009.000012

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1886

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & neighborhood

    Location
    • Region: Elkhart
    • Subdivision: None

    HOA & financial

    Other financial information
    • Total actual rent: 21600
    Services availability