7540 IN-252 - Apartments FOR SALE


Edinburgh, IN 46124
$235,000 USD
812-344-0863
7540 IN-252, Edinburgh, IN for Sale
$235,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

7540 IN-252
Edinburgh, IN 46124


HIGHLIGHTS

  • Two-unit duplex with open-concept layouts and modern finishes.
  • Recent upgrades include a new roof and HVAC systems installed in 2019.
  • Appliances convey in both units, reducing upfront costs for ownership.
  • Convenient access to State Road 252 and nearby community amenities.
  • Located within the Edinburgh Community School District, serving local families.
  • Strong income potential with low maintenance requirements.

OVERVIEW

This duplex presents an attractive investment opportunity in Edinburgh, Indiana, offering two well-maintained units with functional layouts and modern updates. Each unit features two bedrooms and one bathroom, complemented by an open-concept kitchen and living area that enhances natural light and usability. Both units include a refrigerator and oven range, providing immediate convenience for tenants. Significant capital improvements were completed in 2019, including a new roof and HVAC systems, reducing near-term maintenance costs for the new owner. The property sits on a manageable 0.13-acre lot with paved parking and easy access to State Road 252, ensuring strong connectivity to local amenities and employment centers. Located within the Edinburgh Community School District, the property appeals to a broad tenant base seeking quality housing in a stable market. With a current gross income potential of approximately $26,400 annually and low operating expenses, this asset offers consistent cash flow and long-term appreciation potential. Investors will appreciate the combination of updated systems, functional design, and a location that supports steady rental demand.

FOR SALE DETAILS

PRICE

$235,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

2

PRICE/UNIT

$117,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7540 E SR 252

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,822 SF

ZONING

-

APN/PARCEL ID

41-12-34-012-009.001-002

ASK ABOUT THIS PROPERTY

Jillian TranRE/MAX Real Estate ProfMore Info
812-344-0863

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Jillian TranRE/MAX Real Estate ProfMore Info
812-344-0863

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.