PENDING💎 30% CAP RATE 🏘 Triplex- 🧀 42% ROI @ 🥪 $30,900 annual!! 🤪PENDING

Madison County, Anderson, IN, 46016
Sold
Listed at: November 30th, 2022
Price
$70,000
ARV
$128,000
Gross Margin
$58,000
Sq. Footage
2000
Type
Multifamily
Parking
Driveway
Year build
1950
Lot size
4928.00 acres
Bedrooms
5
Bathrooms
3
Half Bathrooms
0
Summary

**********PENDING**********



  • If you were to keep the layout the way it is currently, your monthly cashflow would be $2575----- 1/1 - 1/1- 2/1


  • If you made the upstairs and bottom-front unit into one, & possibly turned that bottom into a 2/1, you would be at $2241. 


  • So you would actually have a higher rent potential with the current layout. Plus, if you charged a monthly fee for pets, added additional amenities, you could get even higher rents!


  • I have a contractor that has already done inspections & can do any and all rehab
  • I also have a property manager that would be happy to manage this property


  • There are 2 additional SFH on the left of triplex & on the right--- 2/1 sfh (cash flowing $800/mo, month to month long-term tenant & a 3/1 sfh (almost rent ready) w/est. rents at $1000-$1250/mo---Both SFH have 2 car garages- detached
  • Annual income of $30,900!!!
  • ROI- 42%
  • NOI/CAP- 30%


  • Added Bonus- if all 3 properties are bought together, we can give a bigger discount.
  • Can set up Same-Day Walkthroughs
  • The units are: 2/1 (front, w/an upstairs) - 1/1 (upstairs)- back unit needs roughly $15k & it's set up as a 1/1 but could be split into another possible 2nd bedroom
  • You could also potentially convert into a duplex- this would open up and enlarge the now 2 units into 3/1 on each side- which would then raise rental projections


📞 Call/Text 👉 Jamie TODAY 💥 before it's Scooped Up! 😱

📱 317-610-9834


Other Property Details <---- Click

(properties spreadsheet)

If you have any further questions or would like more information feel free to text me at 317-610-9834. Thanks for Your Time, Acquire JDF Jamie Franklin
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jamie Franklin

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Disposition manager