$70,000
200 N Main St, Farmland, IN 47340
Current Rent **
$1,050
Projected Rent **
$1,745
Unit 1 Details
- Current Rent: $600
- Bedroom: 3 bd
- Bathroom: 1 ba
- Square Footage: 1948 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $450
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Collect $1,745 in this 2 Unit Duplex in Farmland, IN!
Opportunity is knocking!
Pick up this 2 Unit Duplex in Farmland, Indiana!
15-minute drive to National Aviation Museum and Randolph County Historical
Society Museum
23-minute drive to Prairie Creek Park, Red-tail Nature Preserve, and Summit Lake
State Park
42-minute drive to Anderson University and Taylor University
ARV: $126,967
Potential Rent: $1,745/month
DETAILS
Unit Mix:
One 1 BR/1 Bath Unit
One 3 BR/1 BA Unit
100% Occupied
Building Square Footage: 1,948
Lot Size: 4,261
Year Built: 1898
Market Rents: $600-$1,145/Unit
Current Rents: $450-$600/Unit.
Utilities: Tenants pay for all utilities.
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
Pro Forma CAP: 21.96% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Location:
200 N Main St, Farmland, IN 47340
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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