2927 N Delaware Street, IN 46205

Property Description

FULLY OCCUPIED DUPLEX | LONG-TERM LEASES | $28,560 CURRENT ANNUAL RENTAL INCOME! Excellent opportunity to add a well-maintained, income-producing duplex in Addie Nichols N Park Addition near Historic Meridian Park to your investment portfolio. Each unit offers approximately 1,322 square feet with 3 bedrooms and 1.5 bathrooms, providing spacious and functional living areas that appeal to long-term tenants. Both units feature welcoming covered front porches, spacious living rooms with LVP flooring, neutral paint tones, generous closet storage, and abundant natural light. The main level includes a convenient half bath and an eat-in kitchen with ample cabinetry and counter space. Upstairs, each unit offers three generously sized bedrooms and a full bathroom with a tub/shower combination. Additional features include basement storage and laundry, private rear decks, off-street parking, and convenient alley access. INVESTMENT HIGHLIGHTS: Unit 2925 is leased through 6/12/2028 at $1,225/month, with the tenant in place since 6/2026. Unit 2927 is leased through 4/11/2027 at $1,155/month, with the tenant in place since 4/2025. Combined current rental income is $2,380/month, or $28,560 annually. Both units are currently occupied, providing an investor with immediate income and established tenancy without the typical turnover and lease-up period. Whether you're expanding an existing portfolio or looking for a solid entry into residential investment property, this duplex offers the combination of strong current occupancy, long-term leases, desirable 3-bedroom floor plans, and established rental income that investors look for. Turnkey and income-producing-ready for its next owner!