About 143 N 500 W
Rare Investment Opportunity - Multi-Unit Property on 1.6 Acres in Porter CountyDiscover the potential of this unique rural property situated on 1.6 acres in desirable Porter County. Currently configured as a 3-unit income-producing property, it offers a fourth unit partially built out--ready for your finishing touches. Live in one unit while generating income from the others, or lease all four for maximum returns.Gross Annual Income - 38,400 with significant upside when the 4th unit is completed and new leases are securedFlexibility - Easily convert into a spacious single-family homestead or keep as a lucrative rental investmentLand - Expansive 1.6-acre lot with privacy and room for potential future additions or enhancementsFinancing - Owner financing may be considered with minimum of 20 100ths down.Don't miss this rare chance to own a versatile, income-generating property in a peaceful rural setting with plenty of upside. Call to schedule walk-through today.
Features of 143 N 500 W
| MLS® # | 819831 |
|---|---|
| Price | $395,000 |
| Bedrooms | 8 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Acres | 1.60 |
| Year Built | 1995 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 143 N 500 W |
|---|---|
| Subdivision | NONE |
| City | Valparaiso |
| County | Porter |
| State | IN |
| Zip Code | 46385 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Parking | Driveway, Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | None |
|---|---|
| Appliances | Dryer, Washer, Refrigerator, Gas Range |
| Heating | Forced Air, Natural Gas |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished, Walk-Out Access, Interior Entry |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Lot Description | Back Yard |
Additional Information
| Date Listed | April 29th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Dennis Nichols |
|---|---|
| Office | Weichert, Realtors-Moke Agency |