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Listing provided courtesy of True RealtyCherie SmithMLS# 202547048MLS ProviderContact Information: Cell: 765-438-5971
  • 220 days on site
  • 0 views

Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.

Source: Indiana Regional MLS, MLS#: 202547048

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  • Property Type
    Residential Income
  • Lot
    1.52 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 371 & 383 W 12th Street

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/29/2026Source: Indiana Regional MLS Status Change
Active
4/24/2026Source: MIBOR Status Change
Active
4/24/2026Source: Indiana Regional MLS Status Change
Back on Market
4/10/2026Source: MIBOR Status Change
Pending
4/9/2026Source: Indiana Regional MLS Status Change
Cont-AccptngBackupOffers
1/28/2026Source: MIBOR Added to Database
January 28, 2026
12/17/2025Source: Indiana Regional MLS Price Reduction
$650,000 -3.7%
11/22/2025Source: Indiana Regional MLS Added to Database
November 22, 2025