Income-Generating Multi-Family Property with Great Rent
Located at 506/508 S Anthlone Lane, Morocco, IN 47963 and 507/509 S Anthlone Lane, Morocco, IN 47963, these two duplexes present a fantastic opportunity for real estate investors. Both properties sit side by side to one another for a total of 4-units. Each unit contains 2 bedrooms and 1 bathroom with an in-unit washer and dryer in each unit. Currently all units are rented, with 2 units on month-to-month leases at $1000/month, 1 unit on a month-to-month lease at $750/month and 1 unit rented at $750/month on an annual lease through July 2025. Tenants are responsible for Gas, Electricity and Water. This property is already generating steady cash flow.
1 duplex has been fully renovated while the other is in good condition but needs updating. Recent updates include a 9-year-old roof and half the windows replaced in the last 8 years. The furnace, at 5 years old, is in solid working condition, and the hot water tank was also replaced 5 years ago, ensuring minimal immediate repair needs.
With a tenant in place, this low-maintenance, income-generating property is a solid addition to any portfolio. Don’t miss out on the chance to invest in this well-maintained, cash-flowing asset with future upside potential!