306 Jefferson Street, Valparaiso, IN 46383
- $479,900
- 5
- BD
- 4
- BA
- List Price
- $479,900
- Status
- ACTIVE
- MLS#
- 844115
- Year Built
- 1879
- Days On Market
- 1
- Bedrooms
- 5
- Bathrooms
- 4
- Township
- Center
- Subdivision
- Valparaiso
Property Description
LOCATION, LOCATION, LOCATION! A rare opportunity to own an income-producing property in the heart of downtown, just one block north of Lincolnway on Jefferson and steps from the exciting new Linc shopping and dining district. This distinctive historic two-story brick building offers incredible character, an unbeatable location, and multiple income streams. The property features four fully leased residential units, including three 1-bedroom apartments and one spacious 2-bedroom apartment. Each unit offers its own private entrance, providing added privacy and convenience for tenants. A welcoming front porch adds to the historic charm, while a concrete patio area at the rear provides additional outdoor living space. The largest unit also offers direct access to the garage area. What truly sets this investment apart is the RARE detached 7-unit garage, providing valuable additional rental income and a feature nearly impossible to find in a downtown location. The garage is conveniently accessed from the alley and features block construction with a flat roof. All residential units are currently leased, allowing for immediate income from day one, with additional potential to further maximize revenue. With its historic brick architecture, multiple rental units, exceptional garage income, and walkable location near downtown shopping, dining, entertainment, and Lincolnway, this is a truly unique investment opportunity. Properties offering this combination of location, established rental income, historic character, and 7 garage units rarely become available. Add this exceptional downtown property to your investment portfolio!
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Additional Information
- Acres
- 0.25
- Taxes
- $6,837
- Water
- Public
- Heating
- Baseboard
- Appliances
- Dryer, Washer, Refrigerator, Gas Range, Dishwasher
- Agent Name
- Jodi Gheaja
Listing courtesy of Jodi Gheaja from Realty Executives Premier.
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