371 & 383 W 12th Street, Peru, IN 46970
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: cherie smithCell: 765-438-5971
Office: true realty
MLS#:202547048
Source:Indiana Regional MLS
Price summary
- Price:$675,000
- Price per sq. ft.:$49.19
About this home
Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.
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Home facts
- Year built:1880
- Listing ID #:202547048
- Added:1 day(s) ago
- Updated:November 22, 2025 at 11:43 PM
Rooms and interior
- Bedrooms:22
- Total bathrooms:15
- Full bathrooms:15
- Living area:12,306 sq. ft.
Heating and cooling
- Cooling:Central Air, Window
- Heating:Electricity, Gas
Structure and exterior
- Year built:1880
- Building area:12,306 sq. ft.
- Lot area:1.52 Acres
Schools
- High school:Peru
- Middle school:Peru
- Elementary school:Elmwood/Blair Pointe
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$675,000
- Price per sq. ft.:$49.19
- Tax amount:$5,000
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