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371 & 383 W 12th Street

Peru, IN 46970
  • $675,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 202547048
UPDATED: 44 min ago
$675,000
  • 22
    BEDS
  • 1.52
    ACRES
  • 15
    BATHS
  • 0
    1/2 BATHS
  • 12,306
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1880
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Cherie Smith of True Realty: Cell: 765-438-5971.

Description

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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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2025-12-05T15:28:11.577.

www.felecialivingstonrealestate.com/homes/170837980
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371 & 383 W 12th Street Peru, IN 46970

  • Price: $675,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 44 min ago
  • MLS #: 202547048
22
Beds
15
Baths
0
½ Baths
1.52
Acres
12,306
SQFT
$55
$/SQFT
1880
Built
Neighborhood:
None
County:
Miami
Area:
Miami
Elementary School:
Elmwood/Blair Pointe
Middle School:
Peru
High School:
Peru
School District:
Peru Community Schools
Property Description
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.
Exterior Features

Exterior AluminumVinyl Lot Description Irregular Lot Dimensions Irregular Outbuilding Shed Outbuilding Sq Ft 80 Parking GravelLotOff Street Parking Spaces 15 Pool Type Below Ground Pool YN Yes Road Access City Road Surface Asphalt Style Other Waterfront YN No

Interior Features

Above Grade Bedrooms 22 Above Grade Finished Sqft 12306 Above Grade Unfin Sq Ft 0 Amenities Off Street Parking Basement Foundation CrawlSlabCellar Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1416 Cooling Central AirWindow Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetLaminateVinyl Tile Heating Fuel ElectricityGas Main Level Sq Ft 10250 Microwaves 0 Ranges Ovens 15 Refrigerators 15 Rooms Below Grade 0 Total Baths 15 Total Below Grade Sqft 1416 Total Sq Ft 13722 Upper Level Sq Ft 2056 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 1600 Annual Gross Rent 106308 Annual Insurance Expense 5000 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 83544 Annual Property Tax 6240 Annual Trash Expense 0 Annual Water Sewer Exp 9924 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 6 Documents Available LBP FormRent Roll Efficiencies 0 Electric Meters 15 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 10 Gross Monthly Income 8859 Gross Monthly Rent 8859 Lease Term Month to Month1 Year New Construction No One Bedrooms 8 Owner Pays Building InsuranceHeatingSewerTaxWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Other Reo YN No Restrictions YN No Sale Includes BuildingLandLease Sewer City Tenant Pays ElectricFuel Three Bedrooms 0 Township Peru Two Bedrooms 7 Units Rented 12 Water Utility City Year Taxes Payable 2024 pay 2025

Listing provided by Cherie Smith of True Realty: Cell: 765-438-5971.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2025-12-05T15:28:11.577.

 
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Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,
Listing provided by Cherie Smith of True Realty: Cell: 765-438-5971.