Income-Producing Duplex in Cedar Lake, IN
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2-4 Unit -
4 -
2 -
1975 -
1664 -
No Garage
Description
Don’t miss this rare opportunity to own a well-maintained duplex in the heart of Cedar Lake, IN. Each unit features 2 spacious bedrooms and 1 full bathroom, offering comfortable living space for tenants. The property is separately metered, making utility management simple for any investor.
Both units are currently occupied, with reliable tenants paying $1,000 per side. One tenant is on a month-to-month lease, while the other is locked in through early October. With current rents well below market value, there's significant potential for increased cash flow with minimal updates or lease adjustments.
This duplex boasts low property taxes, strong rental history, and a solid location just minutes from Cedar Lake's amenities, schools, and parks. Surrounding the property is a surge of new residential development and upscale home construction, which is steadily increasing property values in the area and helping to position this asset for strong long-term equity growth.
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Estimated Spread
- ARV $260,000
- Price $185,000
- Spread $75,000
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