$154,000

Estimated payment $932/month

Total Views 379
2 Beds
1 Bath
1,056 Sq Ft
$146 Price per Sq Ft

Highlights

  • Fenced Yard
  • Patio
  • Level Lot
  • 1 Car Detached Garage
  • Laundry in Utility Room
  • Carpet

About This Home

Investment Opportunity! This charming 2-bedroom, 1-bath home is tenant-occupied with lease rights through August 2026, offering built-in rental income from day one. The property features a spacious fenced yard with a patio, perfect for outdoor enjoyment plus a detached garage for extra storage. Inside, you will find a versatile bonus room currently used as a second family room and the convenience of in-home laundry. Ideally located near grocery stores, shopping, and easy highway access, this home is a smart and steady addition to any investment portfolio.

Listing Agent

Wendy Echartea

Berkshire Hathaway HomeServices Elkhart Brokerage Phone: 574-293-1010 Listed on: 09/17/2025

Berkshire Hathaway HomeServices Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,433

Year Built

  • Built in 1956

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60 x 125
  • Fenced Yard
  • Wood Fence
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio

Schools

  • Beardsley Elementary School
  • North Side Middle School
  • Elkhart High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Country Club Terrace Subdivision
  • Insurance Expense $985

Listing and Financial Details

  • The owner pays for building insurance, tax
  • Assessor Parcel Number 20-02-32-283-005.000-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,433

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1956
  • Age: 69
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: COUNTRY CLUB TERRACE S 40FTLOT 408 N 20FT LOT 409
  • Parcel Number ID: 20-02-32-283-005.000-027
  • Platted: Yes
  • Amenities: Fenced Yard, Patio Open, Water Heater Gas
  • Monthly Gross Income: 950
  • Year Taxes Payable: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1056
  • Total Finished Sq Ft: 1056
  • Above Grade Finished Sq Ft: 1056
  • Price Per Sq Ft: 145.83
  • Basement Foundation: Slab
  • Flooring: Carpet
  • Number Of Disposals: 1
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Fence: Wood
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Garage

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Conventional
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 985

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Beardsley
  • Middle School: North Side
  • High School: Elkhart
  • Elementary School: Beardsley

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60 x 125
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Electric, Heating, Lawn Maintenance, Water

Multi Family

  • Gross Monthly Rent: 950
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1433.04

MLS Schools

  • High School: Elkhart
  • Middle School: North Side
  • School District: Elkhart Community Schools

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,908 $70,100 -- $70,100
2022 $1,908 $99,500 $13,300 $86,200
2021 $42 $88,500 $13,300 $75,200
2020 $42 $83,800 $13,300 $70,500
2019 $41 $68,700 $13,300 $55,400
2018 $41 $59,300 $12,400 $46,900
2017 $40 $56,200 $12,400 $43,800
2016 $40 $54,000 $12,400 $41,600
2014 $24 $50,500 $12,400 $38,100
2013 $25 $50,500 $12,400 $38,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2025 09/17/25 For Sale $154,000 +19.4% $146 / Sq Ft
07/21/2022 07/21/22 Sold $129,000 -4.4% $122 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/18/2022 06/18/22 For Sale $134,900 -- $128 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $103,000 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202537525

Indiana Regional MLS

APN: 20-02-32-283-005.000-027