2875 West Shafer, Monticello, IN 47960 - Myers Trust

2875 West Shafer, Monticello, IN 47960


MLS ID: #202314182
Price: $ 599,900
Sq Ft: 5,590
Finished Sq Ft: 5,590
Lot Size: 1.81 Acres
Year Built: 1955
Bedrooms: 17
Full Bathrooms: 13
Half Bathrooms:
Taxes: $ 0
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This investment property is a fantastic opportunity for those looking to generate income through real estate. The main house has two stories that features a rental on each floor with 2 bedrooms, a full kitchen, providing comfortable and convenient living spaces for. There are 6 units each with one bedroom and a full kitchen, providing comfortable and convenient living spaces in each. In addition, there are five studio-style rooms with full bathrooms, perfect for short-term rentals or guests looking for a cozy place to stay. The property is located in a desirable area, making it an attractive option for renters and travelers alike. With six one bedroom units and five studio style rooms, there is ample opportunity to generate consistent income throughout the years. The property has been well-maintained and is move-in ready, with all necessary amenities and appliances included. The main house and studio-style rooms are tastefully decorated and furnished, providing a welcoming and comfortable atmosphere for tenants and guests. Overall, this investment property is has its prime location, multiple rental units, and well-maintained condition, it is sure to be a profitable investment for years to come.

MLS ID: 202314182


# of Units 13
Price Per Unit 46,146.150
Above Grade Finished SF 5,590
Combined Finished SF 5,590
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 5,590
Lot Dimensions irr
Approx Lot Size SqFt 78,844
Approx Lot Size Acres 1.810
Garage SF 0
Water Front No
Style Attached
New Construction No
Elementary School Meadowlawn
Middle School Roosevelt
Senior Twin Lakes
District Twin Lakes School Corp.
# Bedrooms 17
# of Full Baths 13
# of Half Baths 0
Living Room 2 x 0
Rec Room 13 x 0
Bedroom 5 13 x 8
Laundry Room 13 x
Other Room 1 5 x 6
Annual Gross Rent Income $158,000.00
Annual Sewer Expense $0.00
Annual Fuel Expense $0.00
Annual Electric Expense $0.00
Annual Trash Expense $0.00
Annual Property Tax $2,310.40

Listing Office: Redlow Group

Listing Agent: Michael Sims


Property information is provided by the Indiana Regional MLS. The 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. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.