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For sale 5 days ago

$110,000

rooms 4+ ba 1176 sqft

309 & 313 W 29th St, Anderson, IN 46016

Multiple Occupied Off MLS

Current Rent **

$732

Projected Rent **

$1,460

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

๐ŸŒž (๐—”๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€๐—ผ๐—ป, ๐—œ๐—ป๐—ฑ๐—ถ๐—ฎ๐—ป๐—ฎ) ๐—•๐—ฟ๐—ถ๐—ฐ๐—ธ ๐——๐˜‚๐—ฝ๐—น๐—ฒ๐˜… | ๐Ÿฑ๐Ÿฌ% ๐—ข๐—ฐ๐—ฐ๐˜‚๐—ฝ๐—ถ๐—ฒ๐—ฑ | ๐—ง๐—ฒ๐—ป๐—ฎ๐—ป๐˜๐˜€ ๐—ฃ๐—ฎ๐˜† ๐—”๐—น๐—น ๐—จ๐˜๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€ | $๐Ÿฑ๐Ÿณ๐—ž ๐—•๐—ฒ๐—น๐—ผ๐˜„ ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฆ๐—ฎ๐—น๐—ฒ๐˜€

DUPLEX PROPERTY in Anderson, Indiana!

ARV: $170,075

Actual Rent: $730/month

Potential Rent: $1,460/month

Unit Mix: Two 1 Bed/1 Bath Unit

Occupancy: 50% Occupied

Utilities: Tenants pay for all utilities.

Current Rents: $730/Unit. One unit is vacant.

Market Rents: $730/Unit

Roof: ~9 Years Old

Garage: Detached Two Car Brick Garage

Taxes: $1,228

Insurance: $600

Building Square Footage: 1,176 Sq Ft

Lot Size: 3,726 Sq Ft

Year Built: 1939

Rehab/Repairs: Units both rehabbed in 2007-2009. Both in good condition. PM is currently marketing vacant units for new tenants. (Already in rentable condition) Vacant unit needs a new stove. Stairway to the basement and back door may need to be repainted.

Management: Managed by a local property management company.
Comparable Sales: This property is priced $57K below the average market sales amount of $170,075.

Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)

Location:

309 & 313 W 29th St, Anderson, IN 46016

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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.