25 W Main Street, New Palestine, IN 46163

$190,000 Asking Price

2 beds
1 bath
784  sqft
Built in 1960

Investors, welcome to this charming 2-bedroom, 1-bathroom home nestled in the heart of New Palestine! This delightful residence, built in 1960, boasts 784 sq ft of comfortable, one-level living space, making it the perfect cozy retreat. Set on a generous 1/4 acre lot, the property offers ample outdoor space for gardening, recreation, or future expansions. -- Step inside to discover a warm and inviting interior, complemented by an enclosed porch that adds extra living space and versatility. The home features a 2-car detached garage, providing plenty of room for vehicles, storage, or even a workshop. -- One of the standout features of this property is its recent upgrades -- a brand new roof installed in 2024, new siding installed also in 2024, and a new furnace installed in 2023 ensuring peace of mind and longevity for years to come. The prime location offers the best of small-town living with walkable access to all downtown New Palestine amenities, including shops, restaurants, and parks, fostering a vibrant and convenient lifestyle. -- This property presents an incredible opportunity for savvy investors. It is being offered as a sale lease-back, meaning you'll have the benefit of a built-in tenant ready to lease the home immediately upon purchase. The current tenant has plans to stay for years, providing a reliable and steady rental income stream. Plus, with no Homeowners Association (HOA), you have the freedom to manage and enjoy the property as you see fit. -- Don't miss out on this exceptional investment opportunity in a highly desirable location. Whether you're looking to expand your rental portfolio or secure a charming home with guaranteed income, this property has it all. Schedule an appointment today and see for yourself why this New Palestine gem is the perfect addition to your real estate investments!


Features & Amenities

Interior

General:
Breakfast Bar, Eat-in Kitchen, Pantry, Screens Complete, Windows Wood, Wood Work Painted
Appliances:
Electric Cooktop, Gas Water Heater, Electric Oven, Refrigerator, Water Softener Owned
A/C:
Window Unit(s)
Heating:
Forced Air, Gas
Fireplace:
Fireplaces: 0

Exterior

Style:
Bungalow, TraditonalAmerican
Other Structures:
Covered Porch
Parking:
Detached

Construction

General:
One, Block

Location

Originating MLS:
mibor
School District:
Southern Hancock Co Com Sch Corp
County:
Hancock

Lot

Zoning:
Anderson L 16 Less 30 Sqft N1\2 Md Wd L 1, 301029202024000013
Fencing:
Fence Full Rear

Utilities

Utilities:
Cable Available, Gas, 100 Amp Service
Water:
Municipal/City

Financial

Source:
mibor
Buyers Agent Compensation:
3.00 %

This listing courtesy of:
RE/MAX Advanced Realty, Jeffrey Cloyd

About New Palestine, IN

Housing

Number of Units
5,439
Median Home Value
$225,635
Median Rent
$867

12.07% of housing units are renter occupied.

3.54% are vacant.

Commute

Car
65.39%
Public Transportation
0.00%
Walk to Work
0.47%
Work from Home
33.79%
Other
0.07%

The median travel time to work is 19 minutes.

People

Population
14,490
Median Age
41.40
Median Household Size
2.91

Education

High School
30.10%
Associate’s Degree
5.95%
Bachelor’s Degree
28.13%
Graduate Degree
11.79%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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