Motivated Seller Needs to Sell Occupied Triplex! Price Reduced!

[P F Thomas III]

This is an IDEAL Buy and Hold FULLY OCCUPIED Rental!

Nice Triplex Close To Anderson University. New Paint And Carpet. All Units Have Range & Refrigerator. Fully Rented. Great Investment Because Of Location & Condition.

1 BR/1BR TRIPLEX (3 UNITS) CAP RATE 16.7%. UPDATED EXTERIOR PAINT. SOFFIT AND SHINGLES REPAIRED. NEWER ELECTRICAL SYSTEM AND NEW WATER HEATER. NO PLUMBING ISSUES. ROOF WILL NEED REPLACEMENT IN THE NEXT FEW YEARS BUT CURRENTLY NO LEAKS.

MONTHLY INCOME $1695.00
N.O.I. $7162
MONTHLY EXPENSES $1098.17
TOTAL CASH NEEDED $44,000.00
MONTHLY CASH FLOW $596.83

CASH ON CASH ROI 16.7%
PROFORMA CAP RATE 16.7%
PURCHASE CAP RATE 16.7%