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Sold over 1 year ago

$102,000

4 bd 3 ba 3143 sqft

701 Lee St, Connersville, IN 47331

Residential Triplex Occupied Off MLS

Current Rent **

$1,440

Projected Rent **

$1,963

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $460
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 1047 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $560
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1048 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $420
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 1048 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Collect $1,963/month OR MORE on this 3 Unit Triplex in Connersville, Indiana!

Check out this well kept triplex in Connersville, In!

This property has one 2 bedroom/1 bath unit and two 1 bedroom/1 bath units. They are 100% occupied and the tenants pay all utilities. These units are all electric and have new hot water heaters and new HVAC. These 3 units generate a net operating income of $11,906.

Professional management and rent increases could make this a nice addition to your portfolio!

Location:

701 Lee St, Connersville, IN 47331

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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.