Opportunity is knocking!
200 N Main Street, Farmland, Indiana 47340
100% Occupied CASHFLOWING Duplex in Farmland, Indiana
PRICE: $68,000
ARV: $126,967
Actual Rent: $1,050/month
Potential Rent: $1,745/month
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Unit Mix:
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One 1 BR/1 Bath Unit
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One 3 BR/1 BA Unit
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Occupancy: 100% Occupied
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Current Rents: $450-$600/Unit
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Market Rents: $600-$1,145/Unit
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Taxes: $1,200
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Insurance: $1,230
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Utilities: Tenants pay for all utilities.
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Building Square Footage: 1,948 Sq Ft
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Lot Size: 4,261 Sq Ft
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Year Built: 1898
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Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
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Cap Rate (Pro Forma): 22.60% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
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Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!
If you have any questions about this property, please contact:
Primary Contact: Todd Keith (463) 240-1822
Important Disclosures Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.