201 W South Street, IN 46140

Property Description

Multifamily properties have been hard to come by, and here's a great opportunity to own a 3-unit rental property in the heart of Downtown Greenfield! Enjoy a prime location near Depot Street Park, the Depot Restaurant, Pennsy Trail and adjacent to the new Yard at Depot Park development, currently under construction and planned to include 150 apartments, a 350-car parking garage and nearly 8,000 sq ft of retail space. Depot Street Park is also a popular gathering spot, hosting summer concerts and other seasonal events. The main floor offers 1,426 sq ft with two 1-bedroom units, each featuring a living room, kitchen and full bath. Both units are accessed through an enclosed porch. Currently, the entire main floor is occupied as one residence but can easily be separated back into two units by enclosing an interior doorway. The spacious upstairs unit offers 1,266 sq ft with 2 bedrooms, 1.5 baths, an eat-in kitchen, living room and laundry room. Each of the three units has its own gas and electric meters, forced-air gas furnace, central air conditioning and 100-amp electrical panel. The property is served by one shared water and sewer connection, with the owner paying those utilities. Overall, the property has been well maintained and offers numerous improvements, including updates to the roof, gutters and windows. A great opportunity to invest in Downtown Greenfield and be part of this growing and revitalized area! All appliances stay in the units plus there are 2 sets of washer & dryers that are included.