26 Main St Pekin, IN 47165
- Multifamily properties
- 2,752 SF
- 0.24 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 26 Main St
- Year built
- 1950
- Lot size
- 0.24 lot acres
- Property size
- 2,752 SF
- Property type
- Multifamily properties
Description
This exceptional multi-family investment property, located at 26 E Main Street in the heart of New Pekin, Indiana, presents a compelling opportunity for savvy investors. The 2,752 square foot building currently operates as a four-unit quadplex, comprising three two-bedroom, one-bathroom units and one studio unit with one bathroom. All units are currently leased, generating a substantial rental income stream. Detailed rental information is available upon request. The property sits on a 0.24-acre lot, offering ample green space behind the building. This area presents significant potential for expansion, such as the addition of extra parking, which could enhance the property's value and appeal to potential business tenants. The property's central location in New Pekin ensures convenient access to local amenities and services. This investment boasts a strong 10% capitalization rate, indicating a healthy return on investment. The building's versatile design allows for potential conversion to office space, further expanding its income-generating capabilities. Serious inquiries are encouraged to explore this lucrative investment opportunity. A 24-hour notice is required for all showings.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Washington
- State
- Indiana
- Longitude
- -86.01543
- Latitude
- 38.50506
