523 Grove St La Porte, IN 46350

This charming two-unit apartment building, located at 523 Grove Street in La Porte, Indiana, presents a compelling investment opportunity. Built in 1910, this 1,940 square foot duplex sits on a 5,600 square foot lot and features two one-bedroom, one-bathroom units. Currently, one unit is occupied, generating $600 in monthly income with a lease expiring February 28, 2025. The other unit is vacant. Market rents in the area average $1,400 per month per unit, indicating significant potential for increased cash flow. The asking price is $134,000, or $67,000 per unit. This property is situated in a desirable La Porte neighborhood, making it an ideal investment for those seeking to capitalize on strong rental demand. The building is a two-story structure, offering a solid foundation for future growth and income generation. This is a rare opportunity to acquire a well-located, income-producing property in a thriving market. The property's size and location provide excellent potential for long-term appreciation. Don't miss this chance to add a valuable asset to your portfolio.