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901-443-4470

Multi Family Family

N 11th St, Richmond, IN 47374

Asking: $90,000.00

Sq Ft: 4,764

Lot: 7,057

Built: 1890

Parking: Street

Unit Breakdown

2 Units: Efficiencies

Occupancy: vacant

Avg Rent: $470 +/- 13%

9 Units Bed/Bath: 1/1

Occupancy:

6 units rented @ $500/month

3 units vacant

Avg Rent: $571 +/- 8%

Unit Breakdown

1 Unit Bed/Bath: 3/1

Occupancy: vacant

Avg Rent: $1,021 +/- 8%

Utilities: Seller currently paying

Electric

Front building: all units on one meter

Back building: all units on separate meter

Water heater: 50 gallon tank in each building, 3-4 yrs

HVAC: Forced Air heat in the front building, gas wall heaters in the back building

Roof: 20 yrs.

Water: City

Sewerage: Sewer

Property Taxes: $2,084/yr.

HOA: NA

This 2 building multi unit opportunity is partially occupied and already generating $3k/month in rental income. It has potential to more than double that income once fully occupied. The vacant units need cleaned up to be ready to rent out again.

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