371 & 383 W 12th Street, Peru, IN 46970 (MLS # 202547048)
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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 11/22/2025 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1880 |
| COUNTY | Miami | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | Peru Community Schools |
|---|---|
| Elementary School | Elmwood/Blair Pointe |
| Jr. High School | Peru |
| High School | Peru |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Range, Refrigerator |
| BASEMENT | Crawl Space, Yes |
| CONSTRUCTION | Aluminum Siding, Vinyl Siding |
| HEAT | Electric, Natural Gas |
| LOT | 1.52 acre(s) |
| LOT DESCRIPTION | Irregular Lot |
| LOT DIMENSIONS | Irregular |
| PARKING | Off Street, Gravel, Parking Lot |
| POOL | Yes |
| POOL DESCRIPTION | In Ground |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Other |
| SUBDIVISION | None |
| TAXES | 6240 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Cherie Smith, True Realty, Cell: 765-438-5971
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 11/24/25 1:29 AM PST
Walk Score provided by walkscore.com
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 11/24/25 1:29 AM PST
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2025.
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