$210,000
$234,799
10.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
4 Baths
4,140 SqFt
SOLD DATE : 07/01/2025
Key Details
Sold Price $210,000
Property Type Single Family Home
Sub Type Site-Built Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,140 sqft
MLS Listing ID 202516093
Sold Date 07/01/25
Style Two Story
Bedrooms 3
Full Baths 2
Half Baths 2
Abv Grd Liv Area 4,140
Total Fin. Sqft 4140
Year Built 1890
Annual Tax Amount $4,999
Tax Year 2025
Lot Size 2,178 Sqft
Property Sub-Type Site-Built Home
Property Description
Don't miss this rare chance to own a beautifully maintained historic building located right on Main Street in the heart of Farmland, Indiana. This versatile, income-producing property offers the perfect blend of classic charm and modern functionality. The main floor features professional office space currently leased by Edward Jones, a nationally recognized investment firm, providing a steady and reliable income stream. Upstairs, you'll find a stunning 3-bedroom, 2-bath loft apartment that boasts luxurious finishes, soaring ceilings, and gleaming hardwood floors throughout. Step outside to enjoy a private rooftop deck – a rare find in this area. Both units are fully leased with strong tenants in place. The office tenant pays $1,200/month and is under contract through August 31, 2026. The loft apartment is leased at $1,200/month through October 31, 2025. Even better – both tenants are responsible for their own utilities, making this a truly hands-off investment opportunity. The main level is 2,324 square feet and upper level is 1,817 square feet. Additional highlights include: Hardwood floors and tall ceilings throughout both levels HVAC system replaced in 2010 Roof replaced in 2011 Excellent visibility and location in a charming, walkable downtown area. Properties like this don't come along often – especially ones that cash flow from day one.
Location
State IN
County Randolph County
Area Randolph County
Direction GPS Friendly
Rooms
Family Room 14 x 13
Basement None
Dining Room 17 x 17
Kitchen Upper, 20 x 17
Interior
Heating Gas, Forced Air
Cooling Central Air
Appliance Dishwasher, Refrigerator, Oven-Gas, Range-Gas
Laundry Upper, 8 x 8
Building
Lot Description 0-2.9999
Story 2
Foundation None
Sewer City
Water City
Structure Type Brick
New Construction No
Schools
Elementary Schools Monroe Central
Middle Schools Monroe Central
High Schools Monroe Central
School District Monroe Central School Corp.
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IDX information provided by the Indiana Regional MLS
Bought with Bonnie Fries • Best Choice Realty, LLC
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Broker-Owner | Lic# RB14027336