2104 Grand Boulevard Richmond, IN 47374

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Presented By
Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
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Duplex • 125Y Old

$135,000

2104 Grand Boulevard

0.09 Acres
Property Description

Ellsbury Group presents a prime opportunity to acquire a de-risked multi-family asset in the Richmond, IN market. The property provides a rare combination of maximum operational efficiency (100% occupancy with stable tenants) and recent capital investment (updates completed), resulting in exceptional, reliable cash flow. The purchase immediately transfers a fully active income stream, making it a truly "mailbox money" investment. Minimal operational disruption and strong in-place financials position this duplex as a superior passive income producer. Key Investment Features: Exceptional Cash Flow: The property is structured to deliver a large, positive cash flow from day one, offering a superior return on investment compared to many other available properties. Fully Occupied & Stable: Enjoy 100% occupancy with stabilized, reliable tenants. This eliminates the vacancy risk and immediate leasing costs typically associated with investment property acquisition. Recent Updates: Thoughtful recent updates have been completed throughout the property, minimizing immediate capital expenditures for the new owner and ensuring the units are attractive and well-maintained. Ideal Duplex Configuration: Featuring a desirable side-by-side duplex layout (believed to be 3 bedrooms and 1 bath per unit, this setup offers excellent tenant appeal and maximized rental potential.

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Property
MLS # 22072116
Date Listed 2025-11-04
Status Active
Property Type Multi-Family/Apartments
Property SubType Duplex
New Construction No
Type Duplex
Year Taxes Payable 2024
Year Built 1900
Days on Market 32
Additional
Cooling Window Unit(s)
External Features
Construction Duplex
Lot Size 4,008 sq ft
Acreage 0.09 Acres
Fence None
Location
Area Wayne
County Wayne
Subdivision No Subdivision
Township Wayne
City Richmond
State IN
Zip 47374
Schools
School District Richmond Community Schools
Financial
Assoc. Dues $0.00

MLS# 22072116
Listing Provided Courtesy of Justin Lowe
Ellsbury Commerical Group
justin.lowe@ellsburygroup.com

Listing updated November 8, 2025 at 5:01 pm
Last checked 10 minutes ago

IDX information provided by the MIBOR REALTOR® Association. IDX information is provided exclusively for consumers’ personal, non-commercial use and 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.

Learn More About 2104 Grand Boulevard

Presented By
Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
Email
Agent to Contact

By clicking "Send Message", you agree to be contacted by Sarah Hubley about your request. Please see our Privacy Policy.