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116 1/2 E Church Street, Alexandria, IN 46001
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$599,900
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Home Details for 116 1/2 E Church Street
Price
$599,900
Type
Multi Family
Lot Size
0.15
County
Madison
Garage
1
MLS®️ Listing#
22053157
On exitrealty.com
148 days
Property Description
Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 5 currently under lease ready to go. These units have lots of rental potential, could be used as apartments or business offices. ( Has been a hair studio, and book store. ) Great convenient location, this is Downtown Alexandria across from the city park and Library. Parking lot included, and City parking lot next door. 5 GAS Furnaces , 2 Electric Furnaces. 7 individual meters for electric. This property's Gross income is over $5400 a month. Tenants pays electric and gas. The OUTSIDE RECENTLY PAINTED, NEW TPO ROOF in 2022. Most appliances stay except for the large washer in dryer in the unit rented out to a cleaning company. Some of the Furnaces are newer, There is some newer flooring and drywall throughout, City Water , sewage and trash currently paid by owner. 2 Back Balconies for the tenants upstairs, There is a one car storage area, great for supplies and tools. This property has been owned and maintained for over 15 years , it is being sold AS-IS.
- Parking
- Attached
- Asphalt
- Parking Lot
- Heating Information
- Electric
- Natural Gas
- Utilities
- Water Connected
Listing Courtesy: Carpenter, REALTORS® - 765-643-3357
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Last Updated: 2026-01-15 13:17:39
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$599,900
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EXIT STRATEGY REALTY
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