bedrooms
4
bathrooms
3
square feet
0
Acreage
0.4
Open Houses
-
year built
1995
Full Baths
3
Half Baths
0
Discover a fantastic investment opportunity with this updated two-unit ranch duplex, perfectly situated in the heart of Winfield, within the highly sought-after Crown Point school district! This property is ideal for investors looking to generate strong rental income or a homeowner seeking to offset their mortgage by living in one unit while renting out the other. Each unit is vacant and move-in ready, allowing a new owner the freedom to handpick tenants. With estimated market rents of 1,500 per month per unit, this duplex offers great potential for cash flow. Additionally, the Homeowners Association (HOA) fee of just 30 per unit covers mowing and snow removal, ensuring easy maintenance year-round. The property has been recently updated with fresh paint and brand-new bathrooms, providing a modern and inviting space for future occupants. The well-designed ranch-style layout maximizes functionality, offering comfortable living areas in both units. With a 9% cap rate, this property is positioned to offer strong returns based on its potential rental income of 28,000 annually. This makes it an excellent opportunity for investors seeking profitable properties in a prime location. Located in a prime area of Winfield, this duplex provides convenient access to shopping, dining, and recreational amenities while being part of a top-rated school system. The combination of location, updates, and investment potential makes this a must-see property!
Location | |
Subdivision | The Meadows |
County | Lake |
Elementary School | Jerry Ross Elementary School |
Middle School | Robert Taft Middle School |
High School | Crown Point High School |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 817154
Listing agent:
David Whitehead
#RB14035139
Listing broker:
Nwi Pro Services Inc. Dba Re/Max Lifestyles
(219) 241-8401
Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Tuesday, March 11 2025 at 4:40 p.m. EDT
Kotohomes National
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