New Castle, IN 47362

Very rare opportunity to pick up a cash-flowing property at an incredibly affordable price. This one will go fast. New Castle is a growing town that continues to see revitalization and investment, making it an attractive market for rental property owners. This 2-story home features a walk-in basement and sits on an elevated lot, giving it a nice presence from the street. The foundation appears solid overall, and both the water heater and furnace are reported to be in great condition. The property is currently occupied by long-term tenants who have been in place for many years, consistently pay on time, and would prefer to stay. They have never received a rent increase, creating a strong opportunity for future income growth. The home will benefit from updates whenever the tenants eventually move out, but it remains a functioning rental today and offers immediate cash flow from day one. The second floor feels level overall. On the first floor, some floor joist reinforcement may be desired in portions of the kitchen, bathroom, and living room. The retaining wall will also need a few repairs, but the property remains a very affordable entry point for investors. All major mechanical systems are functioning properly, and the tenants have historically handled many minor day-to-day maintenance items themselves. Properties at this price point with reliable long-term tenants are becoming increasingly difficult to find. Whether you're looking to expand your rental portfolio or secure an affordable investment with upside potential, this property offers a compelling opportunity