Attention investors! Attention families seeking a home with an $189,000

Commercial For Sale near Ohio River

Attention investors! Attention families seeking a home with an in-law suite! Welcome to "Green Acres"-a rare and highly profitable multi-unit opportunity in Tell City, Indiana, offering four income-producing rentals across two deeded lots on one beautifully maintained property! This versatile property includes: a duplex with two spacious 2-bedroom apartments (upstairs/downstairs), a separate 400 sq ft tiny home with its own yard space, a two-story, three-car garage currently rented by a contractor-ideal for continued rental income or conversion into a workshop, studio, or small business, a newer shed for additional storage, & an oversized combined lot with buildable space in front of the tiny home and beside the duplex-perfect for adding another house, duplex, or additional income-producing structure! For the past 12 years, this property has maintained an exceptional 97% occupancy rate and has generated over $135,000 in profit. It is currently fully rented, with four separate rental streams, and each unit is individually metered, allowing tenants to handle their own utilities-maximizing your net income. The Tell City rental market continues to strengthen, and there is clear room to increase rents to align with current market rates. The owners have kept meticulous records of all repairs, maintenance, and financials, including detailed Schedule E documentation, which they are happy to provide to serious buyers-an invaluable resource for underwriting and long-term planning. Major updates include: foundation repair following a frozen pipe incident in the duplex crawl space & new water heater and furnace for the downstairs duplex unit (both less than 2 years old). These improvements mean stronger structural integrity and reduced near-term capital expenditures. All buildings have been well cared for and sit on a gorgeous, oversized double lot with expansion potential-making this a standout opportunity for both seasoned investors and owner-occupants seeking supplemental income. Don't miss this rare chance to acquire a high-performing, low-vacancy, multi-unit property with proven cash flow and significant upside potential.