342 E Lincoln Highway New Haven, IN 46774

Attention Investors! Turnkey income producing property. There is an ANNUAL NET income of $45,460 on this mixed use property. There are 12 units. In the front building there are 2 retail units-one is a salon ($650/mo rent) that has been rented for 7 years, the other could be an office or easily converted into an apartment. Sellers have a bid of $10,000 to convert to a residential apartment (rent to be $900/mo). There is also a studio ($700/mo rent) and a 2 bedroom ($1100/mo rent) apartment in this building. In the rear building there are 8 efficiency apartments, some with long term tenants. These rent for $400/month. There is a 9th efficiency space that is used as the maintenance room. A storage shed is located next to the efficiencies.