12,306 sqft

$630,000

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

Price per sqft$51.19

Property size12,306 sqft

Property typeCommercial

Courtesy of True Realty, Cherie Smith Listing Contact:

Overview

Active

Listed Jan 19, 2026

Updated Jul 7

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

MLS^® ID: 22080697

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.52 Acres

Other Property Details

Garage: Yes

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