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Listed by Sarah Hager • Dean Wagner LLC
$289,900
Est. payment /mo
9,147 Sqft Lot
Active
1212 Pearl ST Columbus, IN 47201
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22027378
Year Built 1885
Tax Year 2023
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Fourplex
Property Description
Welcome to this outstanding investment opportunity in the heart of downtown Columbus. Located at 1212 Pearl St, this multi-family property offers four separate rental units, making it an attractive option for investors seeking steady rental income. The property consists of three units in the main building plus a charming carriage house, all currently occupied by long-term tenants - a strong indicator of the property's appeal and rental potential. Smart utility management is already in place with separately metered electric and gas services for each unit, allowing for straightforward tenant billing. The owner covers water expenses, simplifying the utility arrangement for both landlord and residents. The downtown location is a major selling point, putting tenants within easy reach of Columbus's shopping, dining, and entertainment options. This prime positioning helps ensure consistent tenant interest and supports long-term property value. For investors looking to expand their portfolio, this turnkey property offers immediate income potential with its existing tenant base. The multi-unit setup provides built-in risk mitigation through income diversification, while the established utility systems and property management structure make for straightforward administration. Don't miss this chance to acquire a well-maintained, fully-occupied investment property in a desirable downtown location. With its proven rental history and strategic position, this Pearl Street property represents an excellent opportunity to establish or expand your real estate investment portfolio.
Location
State IN
County Bartholomew
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
School District Bartholomew Con School Corp
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