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371 & 383 W 12th St, Peru, IN, 46970

22beds
15baths
12,306sqft
$650,000
$53price/sqft
$5,171/moest. monthly cost
$206,840/yrincome needed

About This Home

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.

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

6/10
4/10

Construction

Condition

  • Year built: 1880

Materials

  • Foundation: Slab
  • Construction materials: Aluminum Siding,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Cellar

Bedrooms & Bathrooms

  • Bedrooms: 22
  • Bathrooms: 15
  • Full bathrooms: 15

Features

  • Flooring: Carpet,Laminate,Vinyl Tile
  • Finished area below ground: 0
  • Finished area above ground: 12,306

Heating & Cooling

  • Heating features: Electric,Natural Gas
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total structure area: 13,722
  • Total interior livable area: 12,306 sqft

Property

Details

  • Parcel number: 520828301054.000016

Features

  • Stories: 2
  • Pool features: In Ground

Lot

  • Lot size: 1.52 Acres
  • Features: Irregular Lot

Parking

  • Total spaces: 15
  • Parking features: Gravel,Parking Lot,Off Street,Off Street Parking