342 E Lincoln Highway New Haven, IN 46774 Pending

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Mixed Use • 67Y Old

$359,900

342 E Lincoln Highway

0.47 Acres
Property Description

Attention Investors! Turnkey income producing property. There is an ANNUAL NET income of $45,460 on this mixed use property. There are 12 units. In the front building there are 2 retail units-one is a salon ($650/mo rent) that has been rented for 7 years, the other could be an office or easily converted into an apartment. Sellers have a bid of $10,000 to convert to a residential apartment (rent to be $900/mo). There is also a studio ($700/mo rent) and a 2 bedroom ($1100/mo rent) apartment in this building. In the rear building there are 8 efficiency apartments, some with long term tenants. These rent for $400/month. There is a 9th efficiency space that is used as the maintenance room. A storage shed is located next to the efficiencies.

Directions

On the Corner of Sturm and Lincoln Highway East

Map to 342 E Lincoln Highway, New Haven, IN 46774

Property
MLS # 202241515
Status Pending
Property Type Commercial
Property SubType Mixed Use
New Construction No
Type Mixed Use
Annual Taxes $3,696.48
Year Taxes Payable 2022
Year Built 1955
Days on Market 41
Room Dimensions
Den 3 × 1797 Level
2nd Bedroom 1920 × Level
3rd Bedroom 12 × 2 Level
External Features
Construction Mixed Use
Lot Size 20,473 sq ft
Acreage 0.47 Acres
Lot Dimensions 150x137
Fence None
Location
Area Allen County
County Allen
Subdivision Begues
Township Adams
City New Haven
State IN
Zip 46774
Financial
Assoc. Dues $0.00

MLS# 202241515.
Listing Provided Courtesy of Neal Sherk
North Eastern Group Realty
Cell: 260-341-0714

IDX information provided by the Indiana Regional MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Saturday, December 3rd, 2022 at 8:00 PM EST.

Learn More About 342 E Lincoln Highway

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