Estimated payment $4,084/month
Highlights
- In Ground Pool
- 1.52 Acre Lot
- Luxury Vinyl Tile Flooring
- Elmwood Primary Learning Center Rated A-
- Shed
- Central Air
About This Home
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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,240
Year Built
- Built in 1880
Lot Details
- 1.52 Acre Lot
- Irregular Lot
Home Design
- Slab Foundation
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
Flooring
- Carpet
- Laminate
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 22 Bedrooms
- 15 Full Bathrooms
Basement
- Basement Cellar
- Crawl Space
Parking
- 15 Parking Spaces
- Gravel Driveway
- Parking Lot
- Off-Street Parking
Outdoor Features
- In Ground Pool
- Shed
Schools
- Elmwood/Blair Pointe Elementary School
- Peru Middle School
- Peru High School
Utilities
- Central Air
- Window Unit Cooling System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for building insurance, heating, sewer, tax, water
- Assessor Parcel Number 52-08-28-301-054.000-016
- Seller Concessions Not Offered
Community Details
Overview
- 6 Buildings
- 15 Units
Recreation
- Community Pool
Pet Policy
- Pets Allowed with Restrictions
Building Details
- 15 Separate Electric Meters
- 10 Separate Gas Meters
- Fuel Expense $1,600
- Insurance Expense $5,000
- Water Sewer Expense $9,924
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,740 | $153,000 | $14,500 | $138,500 |
| 2023 | $4,740 | $152,700 | $14,500 | $138,200 |
| 2022 | $3,054 | $152,700 | $14,500 | $138,200 |
| 2021 | $2,830 | $141,500 | $14,500 | $127,000 |
| 2020 | $2,980 | $149,000 | $14,500 | $134,500 |
| 2019 | $2,646 | $132,300 | $14,500 | $117,800 |
| 2018 | $2,644 | $132,200 | $14,500 | $117,700 |
| 2017 | $2,814 | $140,700 | $14,500 | $126,200 |
| 2016 | $2,814 | $140,700 | $14,500 | $126,200 |
| 2014 | $2,416 | $120,800 | $5,400 | $115,400 |
| 2013 | -- | $121,400 | $5,400 | $116,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2025 11/22/25 | For Sale | $675,000 | -- | $55 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Keith Thomas A |
Source: Indiana Regional MLS
MLS Number: 202547048
APN: 52-08-28-301-054.000-016
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