509 Prospect St, Elkhart, IN 46514-2618

$299,900
6
BD
3
BA
2,852
SqFt

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Listing courtesy of Jennea Schirr from McKinnies Realty, LLC Elkhart. Cell: 574-215-9291

List Price
$299,900
Status
CLOSED
MLS#
202538768
Closing Date
Mar 19, 2026
Bedrooms
6
Total # Full Baths
3
Year Built
1880

Property Description

*** Back on Market ... AT NO FAULT OF SELLER!!! *** This unique property offers two properties on one tax-key ... a spacious two-story duplex plus a charming single bungalow home. Each unit features 2 bedrooms and 1 full bath, for a total of three 2 bed 1 bath units, providing versatile living options for investors or owner-occupants. The main level of the duplex is already occupied by a long-term tenant of over 20 years, giving you immediate rental income! With properties in very good condition and minimal updates needed, you can move right in or start renting right away. Offering new windows, flooring, HVAC, cabinets and baths. Live in the bungalow while the duplex pays your mortgage, or rent all three units for a strong cash flow opportunity. A detached garage adds even more value and convenience. The bungalow is 2 bed 1 bath as well. This is truly a must-see to appreciate property ... don’t miss your chance to own such a rare and profitable find! Since the upper level and single unit have been rehabbed current owner has not had renters ... So we do not have expenses at this time and the ROI is figured at the rental prices shown for each unit and is a guesstimate. MLS#202541262 for bungalow. sqft is the two properties added together.

Additional Information

County
Elkhart
Township
Concord
School District
Elkhart Community Schools
Basement/Foundation
Partial, Unfinished
Acres
0.23
Water
City
Sewer
Public Sewer
Heating
Natural Gas, Forced Air
Cooling
None
Taxes
$1,072
High School
Elkhart
Middle School
North Side
Elementary School
Beardsley
Property SubType
Residential Income

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID.


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