Residential Income

17,424 Acre - 130-132 Meadows Circle, Crown Point, Indiana

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Property Description

Discover a fantastic investment opportunity with this updated two-unit ranch duplex, perfectly situated in the heart of Winfield, within the highly sought-after Crown Point school district! This property is ideal for investors looking to generate strong rental income or a homeowner seeking to offset their mortgage by living in one unit while renting out the other. Each unit is vacant and move-in ready, allowing a new owner the freedom to handpick tenants. With estimated market rents of 1,500 per month per unit, this duplex offers great potential for cash flow. Additionally, the Homeowners Association (HOA) fee of just 30 per unit covers mowing and snow removal, ensuring easy maintenance year-round. The property has been recently updated with fresh paint and brand-new bathrooms, providing a modern and inviting space for future occupants. The well-designed ranch-style layout maximizes functionality, offering comfortable living areas in both units. With a 9% cap rate, this property is positioned to offer strong returns based on its potential rental income of 28,000 annually. This makes it an excellent opportunity for investors seeking profitable properties in a prime location. Located in a prime area of Winfield, this duplex provides convenient access to shopping, dining, and recreational amenities while being part of a top-rated school system. The combination of location, updates, and investment potential makes this a must-see property!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA817154
Price : $305,000
Bedrooms : 4
Bathrooms : 3
Year Built : 1995
Lot Area : 17,424 Acre
Status : Closed
Acres : 0.4
Property Sub Type : Duplex
Features
Pet Policy : Dogs Ok
Address Map
Country : US
State : IN
County : Lake
City : Crown Point
Street : Meadows
Street Number : 130-132
Street Suffix : Circle
Postal Code : 46307
Floor Number : 0
Longitude : W88° 45' 54.4''
Latitude : N41° 25' 2.5''
MLS Addon
Office Name : RE/MAX Lifestyles
Appliances : Refrigerator, Dishwasher, Dryer, Washer, Range Hood
Directions : 109th avenue to Meadow Road south to Meadow Circle
ElementarySchool : Jerry Ross Elementary School
ExteriorFeatures : No
HighSchool : Crown Point High School
InteriorFeatures : High Ceilings, Ceiling Fan(s), Laminate Counters
Levels : One
List Agent MLSID : NRA11584
List Office MLSID : NRA1855
LotFeatures : Corner Lot, Back Yard
MiddleOrJuniorSchool : Robert Taft Middle School
Parcel Number : 451709103009000047
ParkingFeatures : Driveway, Additional Parking, On Street
Tax Year : $2,023
Annual Tax Amount : $4,660
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Closed
PhotosChangeTimestamp : 08/03/2025 13:12:35
CloseDate : 21/04/2025
Residential Income For Sale
  • Listing ID : NRA817154
  • Bedrooms : 4
  • Bathrooms : 3
  • Lot Area : 17,424 Acre
$305,000
Agent info
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