523 Grove StLa Porte, IN 46350
- Apartment buildings
- 1,940 SF
Property Details for 523 Grove St
- Year built
- 1910
- Property size (Sq ft)
- 1,940 SF
- Property type
- Apartment buildings
Description
This charming two-unit apartment building, located at 523 Grove Street in La Porte, Indiana, presents a compelling investment opportunity. Built in 1910, this 1,940 square foot duplex sits on a 5,600 square foot lot and features two one-bedroom, one-bathroom units. Currently, one unit is occupied, generating $600 in monthly income with a lease expiring February 28, 2025. The other unit is vacant. Market rents in the area average $1,400 per month per unit, indicating significant potential for increased cash flow. The asking price is $134,000, or $67,000 per unit. This property is situated in a desirable La Porte neighborhood, making it an ideal investment for those seeking to capitalize on strong rental demand. The building is a two-story structure, offering a solid foundation for future growth and income generation. This is a rare opportunity to acquire a well-located, income-producing property in a thriving market. The property's size and location provide excellent potential for long-term appreciation. Don't miss this chance to add a valuable asset to your portfolio.
Location Insight
- City
- La Porte
- County
- LaPorte
- State
- Indiana
- Latitude
- 41.6181
- Longitude
- -86.7086
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].