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106 E Pendleton Avenue

Lapel, IN 46051

– beds
– baths
– sqft
7,810 sqft lot
1950 build

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Build your portfolio with this high demand rental area duplex. Or live upstairs and let the other unit's rent help cover your mortgage! Lower (larger) unit currently rents for $1,100 a month, upper unit was rented for $600 a month and could be increased now. Tenant moved from upper unit to lower unit once it was renovated. Spacious lower unit is 3 bedrooms and 2 full bathrooms. New flooring, paint, cabinets, bath finishings, and more- fully refurbished June 2024! Upper unit (2 beds 1 bath) can still be updated to increase rent. Lower unit is currently leased through July 2025. Showings available on upper unit until offer is accepted. Listing photos are all of lower unit. Owner currently pays utility bills and agreement in place is that the lower unit reimburses for 2/3 of the cost, and 1/3 for upper unit for City of Lapel bill (ranges from $120 in summer to $300 in winter.) Duke bill can be separated by unit if desired, (metered separately) & runs less than $100 per month.

Listing courtesy of MIBOR / Keller Williams Indy Metro S

Last checked: Checking… • Last updated Oct 2, 2024 •

MLS# 21987435 —

The Building

Year Built:

1950
New Construction:

false
Construction Materials:

Block, Wood
Architectural Style:

TraditonalAmerican
Levels:

Two
Basement:

false
Foundation Details:

Slab, Crawl Space
Security Features:

Smoke Alarm
Green Certification:

No

Interior

Laundry Features:

Connections Some

Financial & Terms

Buyer Financing:

Conventnl Ins

Location

Directions:

GPS Friendly
Latitude:

40.065393
Longitude:

-85.846459

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Duplex
Property Attached:

true
Parcel Number:

481028401091000032
Acres:

<1/4 Acre
Lot Features:

Corner Lot
Lot Size Acres:

0.18
Lot Size SqFt:

7,810 Sqft
Price Per Acre:

1000000
Additional Parcels:

false
Structure Type:

Duplex
Current Use:

Residential
Possible Use:

Residential
Road Access:

Frontage Road

Listing Agent

Contact info:

Taxes

Tax Lot:

3
Tax Year:

2023
Semi Annual Property Tax Amt:

872

Utilities

Building Utilities:

Sewer,Water
Solid Waste:

No

Schools

High School District:

Frankton-Lapel Community Schools

The Community

Subdivision Name:

Woodwards

Parking

Parking:

Unpaved

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/30/24 Sep 30, 2024	Sold	MIBOR	$180,000	-10.0%
8/23/24 Aug 23, 2024	Pending	MIBOR	$200,000
8/5/24 Aug 5, 2024	Relisted	MIBOR	$200,000

Multifamily Sold on 9/30/2024

$180,000

Listing provided by broker:

Emily Huskey

Keller Williams Indy Metro S

emilyhuskey@kw.com

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Listing Courtesy of: MIBOR and Keller Williams Indy Metro S.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service

106 E Pendleton Avenue

Lapel, IN 46051