371 & 383 W 12th Street, Peru, IN 46970

$630,000
12,306
SqFt

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List Price
$630,000
Price Change
▼ $20,000 1783388506
MLS#
22080697
Property Type
Commercial Sale
Sqft. of Residence
12,306
Days on Market
190
Status
ACTIVE

Property Description

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.

Additional Information

Foundation
Cellar, Crawl Space, Slab
Stories
Other
Acres
1.52
Heat
Baseboard, Electric, Forced Air, Natural Gas, Other
Cooling
Window Unit(s)
Region
Peru

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of True Realty.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative