130-132 Meadows CIR Save Request In-Person Tour Request Virtual Tour
Crown Point,IN 46307
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 17,424 sqft
Price per Sqft $17
Subdivision The Meadows
MLS Listing ID 817154
Bedrooms 4
Full Baths 3
HOA Fees $30
Year Built 1995
Annual Tax Amount $4,660
Tax Year 2023
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Duplex
Property Description
Discover a fantastic investment opportunity with this updated two-unit ranch duplex, perfectly situated in the heart of Winfield, within the highly sought-after Crown Point school district! This property is ideal for investors looking to generate strong rental income or a homeowner seeking to offset their mortgage by living in one unit while renting out the other. Each unit is vacant and move-in ready, allowing a new owner the freedom to handpick tenants. With estimated market rents of 1,500 per month per unit, this duplex offers great potential for cash flow. Additionally, the Homeowners Association (HOA) fee of just 30 per unit covers mowing and snow removal, ensuring easy maintenance year-round. The property has been recently updated with fresh paint and brand-new bathrooms, providing a modern and inviting space for future occupants. The well-designed ranch-style layout maximizes functionality, offering comfortable living areas in both units. With a 9% cap rate, this property is positioned to offer strong returns based on its potential rental income of 28,000 annually. This makes it an excellent opportunity for investors seeking profitable properties in a prime location. Located in a prime area of Winfield, this duplex provides convenient access to shopping, dining, and recreational amenities while being part of a top-rated school system. The combination of location, updates, and investment potential makes this a must-see property!
Location
State IN
County Lake
Interior
Interior Features Ceiling Fan(s),High Ceilings,Laminate Counters
Heating Forced Air
Fireplace N
Appliance Dishwasher,Washer,Refrigerator,Range Hood,Gas Range,Dryer
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Back Yard,Corner Lot
Story One
Schools
School District Crown Point
Others
HOA Fee Include Maintenance Grounds,Snow Removal
Tax ID 451709103009000047
SqFt Source Assessor
Acceptable Financing NRA20250306205510169396000000
Listing Terms NRA20250306205510169396000000
Pets Allowed Dogs OK