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Melanie Balog

melanie@balogrealty.com +1(317) 490-1383

Listed by Cherie Smith • True Realty

$ 650,000

Est. payment | -/mo

12,306 SqFt

Save

$ 650,000

Est. payment | -/mo

Save

12,306 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 12,306 sqft

Price per Sqft $52

MLS Listing ID 22080697

Tax Year 2024

Lot Size 1.520 Acres

Acres 1.52

Property Sub-Type Multi-Family 5+

Property Description

Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.

Location

State IN

County Miami

Zoning Commercial

Interior

Heating Baseboard, Electric, Forced Air, Natural Gas, Other

Cooling Window Unit(s)

Fireplace N

Exterior

Garage Spaces 2.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N false

Roof Type Metal,Shingle

Building

Story Other

Foundation Cellar, Crawl Space, Slab

New Construction false

Schools

School District Peru Community Schools

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(317) 490-1383

melanie@balogrealty.com

United States

371 & 383 W 12th ST Peru, IN 46970