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About This Home
This 4-bedroom, 3-bathroom residential multi family at 580 Indiana Avenue in Aurora, IN is listed for $259,900 ($100 per sqft). Built in 1940, the home offers 2,607 sqft of living space on a 0.20 acres lot.
Investor opportunity! 3 Unit Property located at 580 Indiana Ave, Aurora, In. This well maintained triplex offers stable rental income, strong rental history with long term tenants and all modern updates make this an excellent addition to any investor's portfolio.
One 2 bedroom/1 bath unit is currently vacant. Two 1 bedroom/1 bath units are secured by leases through September and October 2026. Potential gross monthly income $2590 monthly or $31,080 annually. Tenants pay utilities, the landlord pays water and trash (approx $100 mo).
Capital improvements include new roof, gutters, new windows, 3 high efficiency gas furnaces, 2 new central air units and new 3 zone heat and AC split system. Unit 1 has been completely gutted and updated. The basement has extensive foundation repairs including new I-beam, replaced basement entry wall and all new electric , plumbing and gas lines. For a list of all capital improvements, see attached documents. Cash or Conventional Only.
Key Features
- Built in 1940
- 0.20 acre lot
- 2 stories
- 6 parking spaces
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$1,390/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
580 Indiana Avenue
Aurora, IN 47001
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 3-bathroom residential multi family at 580 Indiana Avenue is listed at $259,900 ($100/sqft). The estimated monthly payment is $1,126 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.20 acre lot, 2 stories, 6 parking spaces, Fireplace.
This property is listed by Kristy Theobald and can be reached at (812) 584-6880 or alohmiller@lohmillerrealestate.com.
