$215,000
$229,999
6.5%For more information regarding the value of a property, please contact us for a free consultation.
0.31 Acres Lot
SOLD DATE : 06/05/2026
Key Details
Sold Price $215,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Bluff Meadows
MLS Listing ID 22091016
Sold Date 06/05/26
Year Built 1986
Tax Year 2025
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Duplex
Property Description
Turnkey Investment Opportunity with Instant Income! Nestled in the charming community of Martinsville, Indiana, this well-maintained duplex is a rare chance to own a cash-flowing investment property with long-term tenant stability. Each of the two units offers 900 square feet of thoughtfully designed living space with 1.5 baths, combining comfort, functionality, and versatile occupancy. One unit is leased at 1,175 per month through July 31, 2027, and the other at 1,150 per month through March 31, 2027, delivering instant income from day one. Situated on an expansive 13,504-square-foot lot, this property provides abundant outdoor space for personal enjoyment, or future enhancements. Beyond the property itself, the location is a standout feature. With easy access to Interstate 69, residents and tenants can quickly reach Indianapolis, Brown County, Bloomington, and other desirable destinations, making this an attractive location for renters seeking convenience and lifestyle. Martinsville offers a welcoming community atmosphere, strong rental demand, and a steadily growing local economy-perfect for investors looking to expand their portfolio. This duplex represents the perfect blend of steady cash flow, long-term tenants, and strategic location, giving investors the opportunity to build wealth and grow their real estate portfolio. With instant income and turnkey potential, this property is a true dream investment in Morgan County, Indiana. This property has a shared septic system. Owner is responsible for 1/3 of the associated upkeep and expenses. The tank was pumped 8/25. Work completed: Installed 2 Zoeller E292 Effluent Pumps. Installed a M122 SJE Control Panel with Floats and Alarm System. Installed an Effluent Filter to the Septic Tank and Risers. Tenant's rights apply. All showings require 48 hours' notice
Location
State IN
County Morgan
Zoning NA
Interior
Fireplace N
Building
Structure Type Brick,Wood Siding
New Construction false
Schools
School District Mooresville Con School Corp
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