About 349, 351, 353 6th Street
Looking for an income-producing property in Indiana Borough? This fully occupied three-unit property offers an opportunity to add an established rental to your investment portfolio. Conveniently located near downtown Indiana, shopping, dining and IUP, the property includes a duplex plus a separate apartment above the rear garage. Current monthly rents are $675, $900 and $700, providing $2,275 per month in rental income. The unit mix includes 3BR/1.5BA + 3BR/1BA + 2BR/1BA, all with laundry.
349 S 6th offers three bedrooms, 1.5 baths, main-level laundry and a large walk-in closet. 351 S 6th features three bedrooms, one bath and basement laundry. 353 S 6th is a two-bedroom, one-bath apartment with laundry on the garage level. Each unit includes a landlord-owned refrigerator, stove, washer and dryer.
Since purchasing the property, the current owners have made improvements throughout, including new electrical outlets and breakers as needed in all three units, along with additional smoke and carbon monoxide detectors. Improvements to Unit 351 include interior painting, refinished kitchen countertops, new carpet in the rear porch area and polyurethane finish applied to the main-level hardwood floors. Unit 349 features a new bathroom vanity.
Off-street parking and a shared yard add convenience for tenants. One garage bay is currently retained by the owner for storage and is not included in the stated rental income, offering potential for additional monthly income if rented. Whether you're expanding an existing portfolio or considering your first multi-unit investment, this property offers existing tenants, current income and additional income potential.
