508 Jefferson Street

Rochester, IN 46975

$150,900
Price
4
Beds
2
Baths
2,608 Sq. Ft.
$58 / Sq. Ft.
2,608
Sq. Ft.
$58
per Sq. Ft.

Description

Check out this charming duplex in the quaint town of Rochester Indiana—an excellent find for first-time home buyers or those looking to expand their investment portfolio. This duplex comes with two units: one ready for you to move in or rent out, and the other currently rented for $1,250 per month. If you're thinking about house hacking, this is your chance! You can live in one unit and let the other help pay your mortgage, especially with options like FHA or VA loans that might let you buy with...Check out this charming duplex in the quaint town of Rochester Indiana—an excellent find for first-time home buyers or those looking to expand their investment portfolio. This duplex comes with two units: one ready for you to move in or rent out, and the other currently rented for $1,250 per month. If you're thinking about house hacking, this is your chance! You can live in one unit and let the other help pay your mortgage, especially with options like FHA or VA loans that might let you buy with very little down. The deal is pretty sweet for investors: you only need to handle the trash service for about $110 a month, taxes (which are very low), and insurance, while the tenants take care of the other utilities, including water, sewer, gas, and electricity. Each unit features 2-bedrooms and 1-bathroom, all well-maintained and ready for someone to make them home. The property is being sold AS-IS, and it's all set for you to start making it work for your goals. Why wait? Come see why this duplex could be a smart addition to your future plans! Schedule your tour today! (Only one unit is the one featured in pictures, the other unit is
  1. Listed by Berto Barrera • RE/MAX Results- Warsaw

Property Details for 508 Jefferson Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No

Location

Listing Courtesy of RE/MAX Results- Warsaw
Add your commute
LISTING UPDATED: 05/29/2024 02:12 AM

Property Details for 508 Jefferson Street

StatusActive
MLS #202416974
Days on Market17
Taxes$224 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1937
Lot Size0.16 AC / 6,752 SF
CountyFulton County

Location

Listing Courtesy of RE/MAX Results- Warsaw
Add your commute

Building Information for 508 Jefferson Street

Stories2Residences2Year Built1937Building Size-Lot Size0.16 AC / 6,752 SF

Payment Calculator

$842 per month

30 year fixed, 7.25% Interest

Principal and Interest

$824

Property Taxes

$19

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 508 Jefferson Street

Summary
Location and General Information
  • Area: Fulton County
  • City: Rochester
  • Zip Code: 46975
  • State: IN
  • Township: Rochester
  • Geo Latitude: 41
  • Geo Longitude: -86
  • Grid: 100 Fulton Co.
  • Fips Code: 18049
  • Directions To Property: Use Google maps or Apple Maps
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 25-07-92-127-005.000-009
School Information
  • School District: Rochester Community School Corp.
  • Elementary: Columbia / Riddle
  • Middle School: Rochester
  • High School: Rochester
Parking
  • Number Of Parking Spaces: 4
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.16
  • Lot Dimensions: 41X165
  • Lot Number: 102
  • Below Grade Unfin Sqft: 264.0
  • Total Square Feet: 2872.0
  • Upper Level Sqft: 1056.0
  • Approx Lot Size Sqft: 6752.0
  • Above Grade Finished Sqft: 2608.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 264.0
  • Total Finished Sqft: 2608.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 1552.0
Property and Assessments
  • New Construction: No
  • Year Built: 1937
  • Age: 87
  • Planned Unit Development: No
Green Features
  • Exemptions: Homestead, Supplemental
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Ceiling Fan
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 2
  • Number of W/D Hookups: 2
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Michigan Basement
  • Cooling: Window
  • Flooring: Carpet, Laminate
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 2
  • Num of Units Rented: 1
  • Number of Units: 2
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $28,800
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $27,256
  • Annual Property Tax: $224
  • Annual Trash Expense: $1,320
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $2,400
  • Gross Monthly Rent: $2,400
Unit Information
Unit 1
  • Unit 1 SqFt: 1304
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 5
  • Unit 1-Basement: Yes
  • Unit 1-Currently Rented: No
  • Unit 1-Electric: Tenant
  • Unit 1-Gas: Tenant
  • Unit 1-Laundry Room: Kitchen
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 508
  • Unit 1-Unit Rent $: $1,150
Unit 2
  • Unit 2 SqFt: 1308
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 5
  • Unit 2-Basement: Yes
  • Unit 2-Currently Rented: Yes
  • Unit 2-Electric: Tenant
  • Unit 2-Gas: Tenant
  • Unit 2-Laundry Room: Kitchen
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 510
  • Unit 2-Unit Rent $: $1,250
Rental
Rental Information
  • Lease Term: None
  • Owner Pays: Tax, Trash Collection
  • Tenant Pays: Cooling, Electric, Heating, Sewer, Water

Property History for 508 Jefferson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 508 Jefferson Street

Taxable ValueLand$8,500Additions$353,200Total$361,700
Home Facts
Total Finished SqFt6,480 SqFtAbove Grade Finished SqFt6,480 SqFtStories1Lot Size6,752 SqFtStyleTheatersYear Built2010CountyFULTONAPN25-07-92-127-006.000-009

Schools near 508 Jefferson Street

This home is within Rochester Community Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Columbia Elementary School
PublicPK to 2

George M Riddle Elementary School
Public3 to 5

Rochester Community Md School
Public6 to 8

Rochester Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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508 Jefferson Street is a multi-family home for sale in Rochester, IN 46975. This property was listed for sale on May 14, 2024 by RE/MAX Results- Warsaw, it's currently listed at $150,900. This listing's school district is Rochester Community Sch Corp. Nearby schools include Columbia Elementary School, George M Riddle Elementary School and Rochester Community Md School. 508 Jefferson Street is a 4-bed, 2-bath, 2,608 sqft multi-family home built in 1937.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Results- Warsaw

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.