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371 & 383 W 12th Street
Peru, IN 46970

$650,000 - Status: Active
SQFT: 12,306
MLS# 202547048

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.

Property Features

MLS#: 202547048
Zip: 46970
Subdivision:
Development: Peru
Property Type: Multi Unit - Multiple
Number of Units: 15
Basement: Crawl, Slab, Cellar
Cooling: Central Air, Window
Days on Site: 162
Heating: Electricity, Gas
Home Style: Other
Lot Size: 1.52 acres
Year Built: 1880

Feature Descriptions

Above Grade Finished SQFT: 12306
Amenities: Off Street Parking
Exterior: Aluminum, Vinyl
Lot Description: Irregular
Lot Dimensions: Irregular
Owner Pays: Building Insurance, Heating, Sewer, Tax, Water
Pool Description: Below Ground
Sale Inclusions: Building, Land, Lease
Sewer: City
Swimming Pool: Yes
Tenant Pays: Electric, Fuel
Total Finished SQFT: 12306
Units: 15
Water: City

Local Schools

High School: Peru
Middle School: Peru
Elementary School: Elmwood/Blair Pointe
School District: Peru Community Schools

371 & 383 W 12th Street | MLS# 202547048

This multi-family property located at 371 & 383 W 12th Street, Peru, IN 46970 is currently listed for sale with an asking price of $650,000. & 383 W 12th Street is located within the Peru Community Schools school district. Search Peru real estate on www.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: True Realty
Agency Contact: Cell: 765-438-5971
Agent Name: Cherie Smith

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

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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

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