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Archived almost 2 years ago

$38,000

4 bd 4+ ba 12240 sqft

501 North State line #3, Union City, IN 47390

Residential Quadplex Off MLS

Current Rent **

N/A

Projected Rent **

$2,088

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 3060 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 3060 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 3060 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 3060 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes

Collect $2,088 /month OR MORE on this 4 Unit Quadplex in Union City, Indiana!

Are you looking for a great investment opportunity? Look no further - this quadplex in a quaint small town on the Indiana/Ohio border is perfect!

It has four 1 bedroom/1 bath units and is currently vacant and in need of rehab. All utilities are separately metered except for water. The roof is metal and it has newly-installed windows.

Best of all, pro forma net operating income should be $19,745 when fully occupied with an estimated cap rate of 23.23% after rehab costs. That's an amazing return on your investment!

Important Disclosures: Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is, with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.

Location:

501 North State line #3, Union City, IN 47390

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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.