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Indiana Regional MLS

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

$339,900
For Sale

507 Prospect Street

Elkhart, IN 46514
1148 sqft | 2 beds | 1 bath | #202541262
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Browse 36 photos
Type:Purchase
Structure:House
Zone:Residential

Description

This unique property features two separate residences on a single tax key: a charming single-story bungalow and a spacious two-story duplex. Each duplex unit offers two bedrooms and one full bath, providing flexible living arrangements for an owner-occupant or an investor seeking strong rental returns. The main level of the duplex is occupied by a long-term tenant of over 20 years, offering immediate, stable rental income. Both the upper duplex unit and the bungalow have been recently updated, meaning minimal work is needed before moving in or renting out. Updates include new windows, flooring, HVAC systems, cabinetry, and refreshed baths. Live in the bungalow while the duplex helps pay your mortgage, or rent out all three units for excellent cash flow potential. A detached garage adds even more convenience and value. This rare and profitable property is in very good condition and truly a must-see—don’t miss your chance to own such a versatile investment!

  • Property Details
      • Property SubtypeSite-Built Home
      • CountyElkhart County
      • MLS #202541262
      • MLS #202541262
      • Property TypePurchase
      • Price Per Sqft$52,300
      • Cost339900
      • Square Feet1148
      • Year Built1880
      • Bedrooms2
      • Bathrooms1

Location

Legal

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Last Updated: Today at 9:42 AM. Source: IRMLS

Provided By
Listing Agent: Jennea Schirr, Phone: (574) 215-9291, Email: devotedagent@gmail.com
Listing Office: McKinnies Realty, LLC Elkhart

Keegan Pressler | Re/Max PartnersReal Estate Group
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