$395,000

143 N 500 W, Valparaiso, IN 46385

  • 8 beds |
  • 3 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1995
  • Property Lot Size Icon1.6acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

Rare Investment Opportunity - Multi-Unit Property on 1.6 Acres in Porter County Discover the potential of this unique rural property situated on 1.6 acres in desirable Porter County. Currently configured as a 3-unit income-producing property, it offers a fourth unit partially built out--ready for your finishing touches. Live in one unit while generating income from the others, or lease all four for maximum returns. Gross Annual Income - 38,400 with significant upside when the 4th unit is completed and new leases are secured Flexibility - Easily convert into a spacious single-family homestead or keep as a lucrative rental investment Land - Expansive 1.6-acre lot with privacy and room for potential future additions or enhancements Financing - Owner financing may be considered with minimum of 20 100ths down. Don't miss this rare chance to own a versatile, income-generating property in a peaceful rural setting with plenty of upside. Call to schedule walk-through today.

Listing Status:
Active
Listing Office:
Weichert, Realtors-Moke Agency : (219) 662-3000
Listing Agent:
Dennis Nichols :
MLS ID:
819831
  • General: None
  • Appliances: DryerWasherRefrigeratorGas Range
  • Basement: FinishedWalk-Out AccessInterior Entry
  • Heating: Forced AirNatural Gas
  • General: Private Yard
  • Parking: DrivewayOff Street
  • General: One
  • Originating MLS: nira
  • County: Porter
  • Zoning: PARC IN W300 S130.25 N410.75 NW SW 30-35-6 .759A; Parc In S130.25 N501 W300 Desc Dr463 P424 Nw Sw 30-35-6 .759A; and Parc In S15.47 N516.47 W300.07SW 30-35-6 .083A Dr420P600&601&Dr423P395640930301002000019
  • View: Rural
  • Utilities: Electricity ConnectedNatural Gas Connected
  • Water: Well
  • Sewer: Septic Tank
  • Source: nira

This listing courtesy of Dennis Nichols, Weichert, Realtors-Moke Agency

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

U

Union Center Elementary School

272 N 600 W, Valparaiso, IN, 46385

Grades KG-5

1.70 miles away

U

Union Township Middle School

599 W 300 N, Valparaiso, IN, 46385

Grades 6-8

1.90 miles away

W

Wheeler High School

587 W 300 N, Valparaiso, IN, 46385

Grades 9-12

1.88 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.