314 S Union Street, Selma, IN 47383

• 4 beds |
• 2 baths |
• 1,128 sqft

Property Description

GREAT Investment Package. Cash cow opportunity in Selma. Two dwellings on 1 parcel. One is a 3 bedroom 1/12 story home with Kitchen, dining room, living room, laundry room, family room with wood burning stove, and 10 X 17 porch, that currently is vacant, but, could easily rent for $1,200 / month. The other is a duplex: each is a 2 bedroom 1 bath unit. The 1 current tenant pays $625 / month and the other is currently vacant, but, could easily rent for $750 / month. In the upstairs duplex an efficiency apartment has been started, but needs to be finished. The annual income fully rented would be $32,000, and at a 10% cap would be $320,000. In addition, the lot just to the east, parcel #:18-12-15-108-008.000-011, 83' X 165', comes with this package as well ! Properties are being sold " AS IS". Seller has never lived in property and is a P.O.A.

Listing Status:

Active

Date Added:

August 18, 2025 at 05:00AM

Listing Office:

Coldwell Banker Real Estate Group : 765-289-2228

Listing Agent:

Jim Mochal : 765-748-1005

MLS ID:

202532812

Interior

• Basement: Slab
• Flooring: CarpetVinyl
• A/C: None
• Heating: ElectricityBaseboard

Exterior

• General: AluminumWood
• Style: Two Story
• Other Structures: None
• Parking: GravelOff StreetParking spaces: 3

Construction

• Roofing: AsphaltShingle

Location

• School District: Liberty-Perry Community S.D.

Lot

• Driveway: Gravel
• Zoning: SELMA ALL OF 5/165Ft BY 5FT ADJ T LOT 518-12-15-108-007.000-011
• Fencing: None

This listing courtesy of Jim Mochal, Coldwell Banker Real Estate Group