INVESTMENT OPPORTUNITY! Are you considering investing in a rental property? Or perhaps you want to live in one unit and rent out the other to supplement your mortgage? Here's your chance! This well-maintained, fully occupied multi-family property features two units: a spacious 2-bedroom apartment and a comfortable 1-bedroom apartment. Each unit has separate utilities and laundry hookups, with all appliances included except for the freezer in the front unit. The Front unit has central heat & air, back unit has window a/c unit and 2 NG wall furnaces. The front driveway and handicapped accessible ramp offers easy access to the front unit. There is a small storage shed and a 2 car detached pole garage, with a partition separating each side. This offers one car garage/storage and additional parking spot for each unit. Conveniently located to all of the downtown amenities!
This three unit building is located close to downtown Rensselaer. Property has two 1 bedroom apartments and also a studio apartment. Both of the single bedroom apartments have hot water baseboard heat and window A/C. The studio apartment has an efficiency wall furnace and window A/C. All utilities are with City of Rensselaer. Main floor one bedroom apartment includes a stacked washer/dryer. All apartments have refrigerator and stove provided. Roof replaced in August of 2014. Boilers replaced in December of 2010.
The median home value in Rensselaer, IN is $180,000. This is lower than the county median home value of $229,200. The national median home value is $338,100. The average price of homes sold in Rensselaer, IN is $180,000. Approximately 56.08% of Rensselaer homes are owned, compared to 35.33% rented, while 8.59% are vacant. Rensselaer 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 Rensselaer real estate agent to arrange a tour today!
Rensselaer, Indiana has a population of 5,963. Rensselaer is less family-centric than the surrounding county with 31.67% of the households containing married families with children. The county average for households married with children is 32.48%.
The median household income in Rensselaer, Indiana is $51,372. The median household income for the surrounding county is $69,632 compared to the national median of $69,021. The median age of people living in Rensselaer is 37.4 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 38.3 inches per year, with 23.5 inches of snow per year.