Discover an excellent investment opportunity with so much potential! This three-unit investment property is situated on a spacious 0.5-acre lot, offering so many value-adding possibilities. Each unit is currently occupied by long-term tenants, ensuring a steady and reliable income stream. While this property is currently leased as 3 units, a 4th rental income could easily be added just by installing a door. Recent updates include a 75' section of sewer line, new sump pump (unit 419), new upstairs flooring insulation, windows and back door (unit 421). Located less than 10 minutes from the I-69 interchange and 15 minutes from IU's campus, this location is convenient, while providing a quiet, picturesque setting.
Discover an excellent investment opportunity with so much potential! This three-unit investment property is situated on a spacious 0.5-acre lot, offering so many value-adding possibilities. Each unit is currently occupied by long-term tenants, ensuring a steady and reliable income stream. While this property is currently leased as 3 units, a 4th rental income could easily be added just by installing a door. Recent updates include a 75' section of sewer line, new sump pump (unit 419), new upstairs flooring insulation, windows and back door (unit 421). Located less than 10 minutes from the I-69 interchange and 15 minutes from IU's campus, this location is convenient, while providing a quiet, picturesque setting.
The median home value in Ellettsville, IN is $298,950. This is higher than the county median home value of $274,300. The national median home value is $338,100. The average price of homes sold in Ellettsville, IN is $298,950. Approximately 78.74% of Ellettsville homes are owned, compared to 14.5% rented, while 6.76% are vacant. Ellettsville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ellettsville real estate agent to arrange a tour today!
Ellettsville, Indiana has a population of 6,559. Ellettsville is more family-centric than the surrounding county with 35.7% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Ellettsville, Indiana is $68,188. The median household income for the surrounding county is $54,096 compared to the national median of $69,021. The median age of people living in Ellettsville is 36 years.
The average high temperature in July is 84.8 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 47.7 inches per year, with 17.2 inches of snow per year.