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6065 State Road 42 Road

Poland, IN 47868
  • $185,000
  • STATUS: Active
  • ON SITE: 156 Days
  • MLS #: 202431831
UPDATED: 79 min ago
$185,000
  • 4
    BEDS
  • 0.54
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,560
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1992
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Beth Neeley of Down Home Real Estate & Auction LLC: .

Description

This home could be converted to a 4BR 2BA home or could be the income opportunity near Cataract Lake you been looking for. Many possibilities, but currently rented as a duplex. Rent needs to be raised, but seller has kept long time tenants at same rate. This could be converted to a home easily. Sitting on SR 42 so many possibilities. Each unit has 2 large bedrooms and a bath and large living room space. This could be a 4 bedroom 2 bath home and bought with a low down payment government loan. Could be financed FHA with someone living in one side and rent the other to help make the payment. This is part of the Ahlemeyer Highland Lakeview Association so lake access with dock rental is available or in a short distance the state boat dock ramp for Cataract lake for fishing, swimming and boating. Access to convenient shopping and events in the local community or great commute to I-70 for all other needs. Possibility of buying up to 5 duplexes. High fiber internet is available. Cataract water and dumpster paid by owner, electric paid by tenant. Room measurements are approximate and realize they are for a duplex and kitchen would be converted into a bigger size.

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McAfee Home Group | Century 21 Realty, Inc.. Data last updated: 2025-01-24T20:27:59.17.

www.myindianahomes.com/homes/153872325
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6065 State Road 42 Road Poland, IN 47868

  • Price: $185,000
  • Status: Active
  • On Site: 156 Days
  • Updated: 79 min ago
  • MLS #: 202431831
4
Beds
2
Baths
0
½ Baths
0.54
Acres
1,560
SQFT
$119
$/SQFT
1992
Built
Neighborhood:
Other
County:
Owen
Area:
Owen
Elementary School:
Cloverdale
Middle School:
Cloverdale
High School:
Cloverdale
School District:
Cloverdale Community Schools
Property Description
This home could be converted to a 4BR 2BA home or could be the income opportunity near Cataract Lake you been looking for. Many possibilities, but currently rented as a duplex. Rent needs to be raised, but seller has kept long time tenants at same rate. This could be converted to a home easily. Sitting on SR 42 so many possibilities. Each unit has 2 large bedrooms and a bath and large living room space. This could be a 4 bedroom 2 bath home and bought with a low down payment government loan. Could be financed FHA with someone living in one side and rent the other to help make the payment. This is part of the Ahlemeyer Highland Lakeview Association so lake access with dock rental is available or in a short distance the state boat dock ramp for Cataract lake for fishing, swimming and boating. Access to convenient shopping and events in the local community or great commute to I-70 for all other needs. Possibility of buying up to 5 duplexes. High fiber internet is available. Cataract water and dumpster paid by owner, electric paid by tenant. Room measurements are approximate and realize they are for a duplex and kitchen would be converted into a bigger size.
Exterior Features

Exterior Vinyl Lot Description Irregular Lot Dimensions IRREGULAR Outbuilding None Parking Spaces 8 Pool YN No Style One Story Waterfront YN No

Interior Features

Above Grade Bedrooms 4 Above Grade Finished Sqft 1560 Above Grade Unfin Sq Ft 0 Amenities Eat-In Kitchen Basement Foundation Slab Basement Material Poured Concrete Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring Vinyl Tile Heating Fuel ElectricityBaseboard Microwaves 0 Ranges Ovens 0 Refrigerators 0 Rooms Below Grade 0 Total Baths 2 Total Below Grade Sqft 0 Total Sq Ft 1560 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 780 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit2 Sq Ft 780 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 13800 Annual Insurance Expense 1200 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 9212 Annual Property Tax 1588 Annual Trash Expense 1200 Annual Water Sewer Exp 600 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 1150 Gross Monthly Rent 1150 Lease Term Month to Month New Construction No One Bedrooms 0 Owner Pays Trash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Duplex Proposed Financing ConventionalFHA Reo YN No Sale Includes Building Sewer Septic Tenant Pays Electric Three Bedrooms 0 Township Jackson Two Bedrooms 2 Unit1 Unit Rent 600 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 650 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Units Rented 2 Water Utility City Year Taxes Payable 2024

Listing provided by Beth Neeley of Down Home Real Estate & Auction LLC: .

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McAfee Home Group | Century 21 Realty, Inc..


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McAfee Home Group | Century 21 Realty, Inc.. Data last updated: 2025-01-24T20:27:59.17.

 
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McAfee Home Group | Century 21 Realty, Inc.
2928 E Dupont Rd
Fort Wayne IN, 46825
Listing provided by Beth Neeley of Down Home Real Estate & Auction LLC: .