PERU, IN 46970

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

Location: Peru, IN

ARV: $121,000

Estimated Rehab: Buyer to verify

Potential Gross Profit: ~$66,700 before rehab

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

PROPERTY

Duplex | 2 units | 1 bed / 1 bath each

~2,000 SqFt (est.)

Wood frame | Pitched asphalt shingle roof

1 unit leased through Jan 2027, 1 unit vacant

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

THE NUMBERS

In-place rent: $500/mo (leased unit)

Market rent: approx $780/mo per unit

Upside: +$1,060/mo at full market rent, or $12,720/yr gross

Actual NOI: $4,026/yr

Pro forma NOI: $14,838/yr

Price per SqFt: approx $27 vs. approx $55 comp avg

Taxes: $724/yr | Insurance: $350/yr

Expenses: Separately metered, tenants pay all utilities

NOI figures exclude repairs, maintenance, and reserves. Buyer to verify rent, NOI, and expenses.

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

INVESTOR HIGHLIGHTS

- ~$66,700 spread to ARV before rehab

- Leased unit at $500/mo, $280/mo under market

- Lease the vacant unit at market for an immediate income lift

- Tenants pay all utilities, minimal landlord expense

- Local property management in place and available to continue

- Peru employers include Smithfield Packaged Meats and Dukes Memorial Hospital

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

COMPS

218 E 5th St | $161,151 | 4/2 | 0.10 mi

202 E 5th St | $114,380 | 4/2 | 0.09 mi

84 Ewing St | $88,200 | 4/2 | 0.18 mi

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

TERMS

Cash, hard money, private money, or DSCR

FAST CLOSE: Funding must be ready to close quickly

SOLD AS-IS: No repairs by seller

ACT FAST: Deals like this don't last long

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

CONTACT

Todd Keith, for details and exact location

Call/Text: (463) 240-1822

Email: Sales@FiveStreamVentures.com