371 West 12th Street Peru, IN 46970

Building Details

Year Built

1880

Listing Agency True Realty c***@gmail.com Show Phone

Listed by Cherie Smith · License #RB14036021 Show Phone

Source Compass

Added: Sep 16, 2025 Checked: Jul 17 at 5:39 am

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Investment Insights

Based on property information with market context.

This multi-building property presents an investment opportunity with a total of 15 rentable units located in Peru. The unit mix includes 8 one-bedroom units and 7 two-bedroom units. The property consists of multiple structures, offering a blend of stability and value-add potential. Many units have been painted in recent years, and several feature updated flooring. Two of the buildings have metal roofs. The property has a mix of month-to-month and long-term leases, providing immediate income and potential for rent growth. The property size is 12306 square feet.

Key Highlights

• Multi‑building property featuring 15 rentable units, a mix of one and two‑bedroom options.
• Immediate income and rent growth potential with a mix of lease types.
• Two buildings feature durable, long‑lasting metal roofs.

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FAQs

What type of property is this?

Apartment building - Multi-building property with 15 units, offering income and growth potential.

Where is this apartment building located?

The property is located at 371 West 12th Street Peru, IN.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Multi‑building property featuring 15 rentable units, a mix of one and two‑bedroom options.; Immediate income and rent growth potential with a mix of lease types.; Two buildings feature durable, long‑lasting metal roofs.