Nov 9, 2015
$70,000
52 S 4th Ave
Beech Grove, IN 46107
$1800 rents, remodeled, one unit needs finished
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52 S 4th Ave, Beech Grove, IN 46107
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Amazing Cash Flow in Great Area- 8 bed 4 bath Duplex, $1800 rent – 11.9% cap rate
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8Bd/4Ba Multi-Family
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Huge Discount, only $70,000
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| Year Built |
1900 |
| Sq Footage |
3456 sqft. |
| Bedrooms |
8 Beds |
| Bathrooms |
4 Baths |
| Floors |
2 |
| Laundry |
In Unit |
| Lot Size |
5719 Square Feet |
DESCRIPTION
$943/mo cash flow with 11.9% cap rate and equity with just a little work on this tremendous cash flow duplex in Beech Grove. Both units are 4 bed 2 baths with total rent of $1800. Both units were fully remodeled, right side simply needs work downstairs.Left side, new furnace, new ac, new appliances, tub surrounds, toilets, new sinks, very clean tenants rented for $900/mo.Right Side was fully remodeled and rented at $950 then had a kitchen fire. Upstairs is in great shape, downstairs needs to be finished. It has been tore out, treated and ready for drywall, kitchen, bath, flooring, misc. Approx 25K needed then will rent for $900 also.Equity standpoint – 4 bed duplexes are going around 120K with 1200-1300 rent. This one is 8 beds and 4 baths with 1800 rents so 95K in and worth 140-150K.Cash flow:
Rent $1,800
Management $180
Maintenance $180
Vacancy $180
Tax $267
Insurance $50
Monthly Cashflow $943
Cap Rate 11.9% |
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Beech Grove |
| see additional photos below |
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Unit Features
| – Living room |
– Dining room |
– Storage space |
| – Office |
– Basement |
– Range / Oven |
| – Refrigerator |
– Dishwasher |
– Microwave |
| – Garbage disposal |
– Balcony, Deck, or Patio |
– Yard |
| – Lawn |
– Heat: forced air |
– Central A/C |
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ADDITIONAL PHOTOS
Front Left |
Back |
Dining |
Family |
Living |
Stairs |
Upstairs Hallway |
Bedroom |
Bedroom |
Bedroom |
Bedroom |
Downstairs right unit needs rehab |
Downstairs right unit needs finished |
Right unit needs drywall, kitchen, bath, flooring, misc |
mechanicals |
mechanicals |
Bath |
Bedroom |
Bedroom |
Bedroom |
Nice front porch |
Kitchen with Granite and New Cabinets |
Kitchen with Granite and New Cabinets |
Back with deck |
AC units |
Fridge |
Upstairs Hallway |
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Contact info:
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Ryan Moeller
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Indy Discount Property
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858-215-1031
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For sale by Owner
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