NEW CASH FLOWING DUPLEX! 12% Cap Rate

[Michael Thompson]

New Cash Flowing Duplex!!!

Price - $77,900

$1400 Gross Rents Monthly!

This is a completely occupied 3 bedroom and 1.5 bath each unit cash flowing duplex! Tenants are currently month to month and want to stay so your rehab cost aren't immediate. Rehab can be done on the tenant turn.

Property Breakdown

Unit 1: 3 Bedroom/1.5 Bath - Sq. Ft. 1165 (Currently Rented $700)
Unit 2: 3 Bedroom/1.5 Bath - Sq. Ft. 1165 (Currently Rented $700)

Click Links Below for Details

• Pictures
• Property Analysis Sheet
• Comparable Property List (ARV $100,000!!!)

This is a great opportunity to come in below market for the neighborhood and add value! Primed for the BRRRR method. Instant equity with the purchase and rehab of this duplex.

Property is rented but on the tenant turn we recommend the following updates:

• Furnace on each side updated
• Interior carpet for 80% of the interior. The tile is mostly in good shape.
• Interior painted
• Misc drywall repairs, some kitchen cabinet faces need secured, bathroom vents need fixed in some of the bathrooms, and window trim in spots
• Floor near entry of south unit needs addressed
• Exterior: Removal of vegetation

Property Access: Please call 317-520-4773 (Office) or 317-645-3034 (Cell) for access and purchasing! Feel free to email[email protected] or [email protected] if you have questions.