308 Jefferson Ave La Porte, IN 46350

This well-maintained, two-unit apartment building in La Porte, Indiana presents a compelling investment opportunity. Located at 308 Jefferson Avenue, this 1,440 square foot property sits on a 3,872 square foot lot and boasts two one-bedroom, one-bathroom units. Built in 1926, the two-story building offers immediate cash flow with significant upside potential. Currently, each unit generates $750 in monthly rent, totaling $1,500 per month. Unit 1, located on the first floor, is leased until July 31, 2025, while Unit 2, on the second floor, is leased until November 30, 2024. With market rents in the area reaching $900 per month, a substantial increase in rental income is achievable. The asking price is $129,000, translating to $64,500 per unit and a price per square foot of $89.58. This property is ideal for investors seeking a stable, long-term investment with immediate returns and the potential for future growth. The property's location in La Porte County, Indiana, zip code 46350, offers convenient access to local amenities and services. This is a turnkey investment ready for a new owner to capitalize on its potential.