$110,000
309 & 313 W 29th St, Anderson, IN 46016
Current Rent **
$732
Projected Rent **
$1,460
๐ (๐๐ป๐ฑ๐ฒ๐ฟ๐๐ผ๐ป, ๐๐ป๐ฑ๐ถ๐ฎ๐ป๐ฎ) ๐๐ฟ๐ถ๐ฐ๐ธ ๐๐๐ฝ๐น๐ฒ๐ | ๐ฑ๐ฌ% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ | ๐ง๐ฒ๐ป๐ฎ๐ป๐๐ ๐ฃ๐ฎ๐ ๐๐น๐น ๐จ๐๐ถ๐น๐ถ๐๐ถ๐ฒ๐ | $๐ฑ๐ณ๐ ๐๐ฒ๐น๐ผ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ฟ๐ฎ๐ฏ๐น๐ฒ ๐ฆ๐ฎ๐น๐ฒ๐
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.
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