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$ 349,000
Est. payment /mo
Active
7920 North Drive Highland, IN 46322
5 Beds
2 Baths
7,744 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Homestead Gardens Master Add
MLS Listing ID 842290
Bedrooms 5
Full Baths 2
Year Built 1967
Annual Tax Amount $6,254
Tax Year 2024
Lot Size 7,744 Sqft
Property Sub-Type Duplex
Property Description
Excellent investment opportunity in the heart of Highland! This fully leased duplex features one 3-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit, offering approximately 2,202 total square feet. Built in 1967, the property generates 3,135 per month (37,620 annually) with leases in place through 2026 and 2027, providing immediate, stable cash flow. Market rents offer additional upside potential. Owner pays gas, water, sewer, and trash; tenants pay electric, lawn care, and snow removal. Conveniently located near major highways, shopping, dining, and the Illinois state line, making it an attractive rental location.
Location
State IN
County Lake
Interior
Interior Features None
Heating Baseboard
Cooling Individual Units
Fireplace No
Appliance Gas Range, Refrigerator, Microwave
Exterior
Parking Features Driveway, Detached
Garage Spaces 2.5
Building
Lot Description Back Yard
Others
Acceptable Financing Cash, VA Loan, FHA, Conventional
Listing Terms Cash, VA Loan, FHA, Conventional
Listed by Ellsbury Group
