$67,900
54 S 16th St, Richmond, IN 47374
Current Rent **
$1,050
Projected Rent **
$2,612
Unit 1 Details
- Current Rent: $525
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $525
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 3 Details
- Current Rent:
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Unit 4 Details
- Current Rent:
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 2656 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Collect $2,612/month OR MORE on this 4 Unit Quadplex in Richmond, Indiana!
Attention all real estate investors! If you're on the lookout for your next big investment opportunity, then this is the one for you! Experience a high-cap yield and add a four-unit quadplex to your portfolio in a solid C class neighborhood, in Richmond, Indiana.
When fully rented at area market rents, it can generate over $31,000 a year! This two-story quadplex boasts four - 1 bedroom /1 bath units. It has vinyl siding that eliminates costly painting expenses and, most importantly, an unbeatable price of just $22,250 per door!
Don't miss out on your chance to achieve incredible returns - grab this opportunity while it lasts!
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:
54 S 16th St, Richmond, IN 47374
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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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