202-204 Mill Street, Gaston, IN 47342

• 4 beds |
• 2 baths |
• 2,202 sqft

Property Description

Prime Investment Opportunity in Gaston! This full-brick duplex, built in 2006, is one of the best investment properties in the area. Each side offers 1,101 sq ft with 2 bedrooms, 1 bath, interior laundry, a spacious living room, and an oak cabinet kitchen complete with appliances (refrigerator, dishwasher, range, microwave, and water softener). One unit is currently leased at $850/month, while the freshly remodeled vacant unit is ready to lease at $900/month. Tenants pay all utilities, and both units feature high-efficiency furnaces and owned water softeners—keeping operating costs low. The owner pays for mowing as needed (very little to mow) and the property insurance is only $1080/yr. Once fully rented, you should see around $21,000 a year in annual gross rent. The vacant unit has been recently updated with new flooring, fresh interior paint, a new gas stove, and a modernized bathroom. Outside, you’ll find plenty of street parking and the option to add a privacy fence on the south side for extra separation from neighboring businesses. One tenant has been there for 3+ yrs and wants to continue, and the vacant property was leased for 3 yrs before that expired. This property has been meticulously maintained and is truly turn-key.

Listing Status:

Pending

Date Added:

August 14, 2025 at 05:00AM

Listing Office:

Coldwell Banker Real Estate Group : 765-289-2228

Listing Agent:

Steve Slavin : 317-701-5006

MLS ID:

202532289

Interior

• Basement: Crawl
• Flooring: CarpetVinyl Tile
• A/C: Central Air
• Heating: Forced AirGas

Exterior

• General: Brick
• Style: RanchOne Story
• Other Structures: None
• Parking: GravelPavedStreetParking spaces: 2

Construction

• Roofing: AsphaltShingle

Location

• School District: Wes-Del Community Schools

Lot

• Zoning: LPW ADD BLK 1 LOT #8 |18-02-33-429-006.000-025
• Fencing: None

This listing courtesy of Steve Slavin, Coldwell Banker Real Estate Group