Description
Consistent earning potential in small town Indiana. This 5 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 1 two-bedroom apartment. Rental structure is currently flat rate rents with all gas, electric, water, and sewer paid by landlord. Many of the current tenants are long term renters. Rents can be raised to keep up with market and further increase revenue.
Unit #1 545 sq ft. / 1-BR / $450 / 6.5 year tenant.
Unit #2 328 sq ft. / 1-BR / $485 / 2.5 year tenant
Unit #3 440 sq ft. / 1-BR / $450 / 5.5 year tenant
Unit #4 575 sq ft. / 1-BR / $600 / 2 year tenant
Unit #5 400 sq ft. / 1-BR / $510 / 1 year tenant
Property exterior, plumbing, heating, and electrical have all been well maintained by owner.
Owner is downsizing portfolio. Owner has a 9-unit building for sell a few blocks away. Owner’s preference would be to sell both properties together. Property owners are family relatives of listing agent.
Location
Similar Listings
$13,500,000
MLS# 202207497
Listing Agent: Stephannie Wilson
Courtesy of: Schuler Bauer Real Estate Services ERA Powered (N
$5,000,000
MLS# 2021012827
Listing Agent: Vicki Kitterman
Courtesy of: Century 21 Champion Real Estate
$4,800,000
MLS# 202108838
Listing Agent: John Lopp
Courtesy of: Lopp Real Estate Brokers
$4,275,000
MLS# 2021012189
Listing Agent: Sara Taylor-Hughes
Courtesy of: eXp Realty, LLC
$3,900,000
4
4
7,128 Sq ft
MLS# 2021010935
Listing Agent: Courtney Holland
Courtesy of: Berkshire Hathaway HomeServices Parks & Weisberg R
$3,850,000
5
7
9,013 Sq ft
MLS# 202207314
Listing Agent: Jennifer Carroll
Courtesy of: Semonin REALTORS
$3,000,000
MLS# 202206667
Listing Agent: Mary McCoskey Finkle
Courtesy of: Mainstreet REALTORS
$2,900,000
MLS# 202206824
Listing Agent: Barbara Popp
Courtesy of: Schuler Bauer Real Estate Services ERA Powered (N
$2,232,150
MLS# 202206604
Listing Agent: Sam Robey
Courtesy of: eXp Realty, LLC
$2,000,000
MLS# 202206664
Listing Agent: Deana Applegate
Courtesy of: Lopp Real Estate Brokers
$2,000,000
MLS# 2021011491
Listing Agent: Mike Kopp
Courtesy of: RE/MAX FIRST-Commercial Group
$2,000,000
MLS# 2021012215
Listing Agent: Brian Haeseley
Courtesy of: Keller Williams Realty Consultants
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Chad Winchell Courtesy of: Keller Williams Realty Louisville East Listing information provided courtesy of the Southern Indiana Realtors Association. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 28th May, 2022 8:14 PM (UTC)
