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1020 Prince Street - 1020 S Prince St, Princeton 2 Unit Apartment Building Offered at $250,000 Princeton, IN 47670
Executive Summary
Excellent Opportunity to Own not 1 but 2 Duplexes located in Princeton. Both duplexes custom built by the Amish, open floor plan concept for Liv Rm., Dining and Kitchen with nice size bar for seating and or a table as well. Each unit consist of 2 Beds, 1 Bath, Laundry Rm as well as Liv Rm, Dining Area, & Kitchen. Upon entering you will have a coat closet as well as numerous additional closets throughout. Laundry room with Washer & Dryer provided and has exit door. Most Tenants are on a month to month lease but have resided here for some time. Each Unit (Race St & Prince St) have a Tenant that takes care of yard with Owner discounting their rent at a slight reduction. Restrictions: No Smoking, No Pets. Parking Pad is available for each tenant in front of the building.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$28,800
|
$16.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$28,800
|
$16.00
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $28,800 |
| Annual Per SF | $16.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $28,800 |
| Annual Per SF | $16.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $250,000 | Property Type | Multifamily |
| Price Per Unit | $125,000 | Building Size | 1,800 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 2 | Year Built | 2019 |
| Price | $250,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,800 SF |
| No. Stories | 1 |
| Year Built | 2019 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 900 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 26-12-18-201-002.543-028 | Improvements Assessment | $99,000 |
| Land Assessment | $4,900 | Total Assessment | $103,900 |
Property Taxes
Parcel Number
26-12-18-201-002.543-028
Land Assessment
$4,900
Improvements Assessment
$99,000
Total Assessment
$103,900
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1020 Prince Street - 1020 S Prince St, Princeton
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