Marion, IN 46952 315 N Adams Street
$52,400
10 more
Presented By: Robert Ping with Ping Realty, LLC;
Beds • 3
Baths • 2
SQFT • 1,844
Garage • 1
Home Details
Excellent investment opportunity with immediate rental income! This duplex offers approximately 1,844 square feet of living space and is situated on a desirable corner lot. The upper unit features 1 bedroom and 1 full bathroom and is currently tenant-occupied, generating $600 per month in rental income through 1/31/2027. The lower unit is vacant and offers 1 bedroom with the potential for a second bedroom with the addition of a closet, along with 1 full bathroom, making it ideal for an owner-occupant or an additional income-producing rental unit. Additional features include a detached 2-car garage, outdoor space, and the flexibility to maximize cash flow or offset living expenses. Whether you're looking to expand your investment portfolio or seeking a property that allows you to live in one unit while renting the other, this duplex presents a fantastic opportunity with built-in income potential.
Presented By: Robert Ping with Ping Realty, LLC;
Interior Features for 315 N Adams Street
Bedrooms
Num. of 1 Bedrooms1
Num. of 2 Bedrooms1
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms2
Unit 2-# of Bedrooms1
Above Grade Bedrooms3
Beds3
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Below Grade Baths
Other Interior Features
Total Finished SqFt1844
Basement Y/NYes
Above Grade Finished SqFt1844
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt400
Num. of Efficiencies0
BasementPartial Basement, Unfinished
Basement MaterialBlock
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringLaminate, Wood
Microwaves
Ranges/Ovens1
Refrigerators1
Total Number of Units2
W/D Hookups
Washers
Other Rooms
Total Rooms Below Grade1
General for 315 N Adams Street
Age67
Agent First NameRobert
Agent Last NamePing
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense
Annual Trash Expense
Architectural StyleTraditional
AreaGrant County
Assoc. Dues FrequencyNot Applicable
Associated Document Count2
Auction Y/NNo
Bathrooms2
CityMarion
ClassINVESTMENT
CoolingWall AC, None
DOM37
Elementary SchoolRiverview
FIPS Code18053
FeaturesBasement
Full Baths2
Half Baths
HeatingGas, Forced Air
High SchoolMarion
Legal Description16-04-835 LOT 8 SWAYZEES 2ND ADD MP 0706-101-149.000
Lot Number8
Middle SchoolMcCulloch
Net Income3905
New ConstructionNo
OwnerPaysSewer, Water
PROPOSED FINANCINGCash, Conventional
ParkingGarage, Street
Pet Restrictions Y/NNo
REONo
Rent Income7200
School DistrictMarion Community Schools
SewerPublic
StatusActive
StatusActive
Status Detail0
Stories Count2
StyleTwo Story
SubdivisionNone
Tax Year2025
Tenant PaysCable, Electric, Deposit Value
Total Sq Ft2244
TownshipCenter
TypeDuplex
Virtual TourClick here
Year Built1959
Exterior for 315 N Adams Street
Approx. Lot Size Acres0.19
ExteriorVinyl
Lot DescriptionCorner, Level
Lot Dimensions61X137
Lot Size Area8357
Number of Parking Spaces4
OutbuildingNone
PoolNo
ROOF MATERIALAsphalt, Shingle
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Marion High School
Elementary School
Riverview Elementary School
Middle School
McCulloch Middle School
Ryan Orr
Broker / Auctioneer