📌ADDRESS:  732 E Harris St Sullivan, IN 47882

PLEASE READ:   

No wholesalers or daisy chains

Cash offers only

Please call or text Ryan at (856) 723-4501 for more information on this deal!

Multifamily Residential (Duplex)

Beds:  3 each unit (6 total)

Baths: 2 each unit (4 total)

Sqft:  2516 sqft (1258 sqft per unit)

Built: 2003

👨‍👩‍👧‍👦 Current Occupancy: Vacant (call Ryan for access instructions)

👪 Occupancy at Close: Vacant 

Starting Price: $149,900

Buy Now Price: $160,000

🌟More Details🌟

• HVAC: although operable, they’re old, and need $1K maintenance ASAP and replacement is anticipated in the near future.
• Condensation in crawl space: a P-trap is needed for the sump pump, and additional ventilation is required. 
• Needs interior painting
• .33 acre lot

• Return on Investment
  • Est Monthly Income: $2,500-$2,830
  • 1.76% Rule 
  • Est Expense Ratio: 40-45%
  • Est NOI: $16,500-$18,700
  • Est Value: 8 Cap: $206K-$234K

Additional Notes: 

• Conservative Rehab Estimate: $13,000 - $20,000 depending on exit strategy

• Rental Comps:
  • 2022 N Section St, Sullivan, IN
    •  2bd/1ba. 800 sq ft. $950/month
  • 2026 N Section St, Sullivan, IN
    • 2 bd/1ba. 800 sqft. $1,150/month
  • 120 1st St SE, Linton, IN
    • 3bd/2ba. 1408 sq ft. $1200/month

The below terms are NON-NEGOTIABLE. This is a professional disposition company that will enforce the following conditions:

$5,000 non-refundable EMD

Buyer to pay all standard closing costs

Cash, hard money, or private money only

No JVing - This deal is NOT to be marketed elsewhere

Any agent commission is to be added ON TOP of asking price

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving Deventum Properties exclusive rights to purchase the property. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.