$246,000
783 W 23rd St, Ferdinand, IN 47532
Current Rent **
$1,775
Projected Rent **
$2,762
Unit 1 Details
- Current Rent: $650
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $550
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 3 Details
- Current Rent: $575
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 2520 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
⛪ (𝗙𝗲𝗿𝗱𝗶𝗻𝗮𝗻𝗱, 𝗜𝗡) ⛪ 𝗧𝗿𝗶𝗽𝗹𝗲𝘅 | 𝟭𝟬𝟬% 𝗢𝗰𝗰𝘂𝗽𝗶𝗲𝗱 | 𝗦𝗲𝗽𝗮𝗿𝗮𝘁𝗲𝗹𝘆 𝗠𝗲𝘁𝗲𝗿𝗲𝗱 ⛪
Pick up this 100% Occupied TRIPLEX in Ferdinand, Indiana!
ARV: $351,000
Current Rent: $1,775/month
Potential Rent: $2,762/month
Unit Mix:
Two 1BR/1 Bath Unit
One 2BR/1 Bath Unit
Occupancy: 100% Occupied
Taxes: $3,480
Insurance: $2,867
Building Square Footage: 2,520 Sq Ft
Utilities: Tenants pay for all utilities.
Lot Size: 0.52 Acres
Year Built: 1974
Units: 3
Current Rents: $550-$650/Unit.
Market Rents: $856-$1,050/Unit
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
Location:
783 W 23rd St, Ferdinand, IN 47532
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* 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.
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