Skip to content
Welcome! Are you part of the community? Sign up now.
x
For sale 3 days ago

$70,000

4 bd 2 ba 1948 sqft

200 N Main St, Farmland, IN 47340

Residential Duplex Occupied Off MLS

Current Rent **

$1,050

Projected Rent **

$1,745

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

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

Looking for an agent?
Start a rental property calculator report
Use the rental calculator to determine this property's potential profit.
Analyze this property

* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** 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.