6-12 UNITS 📈🍀 8 bed 4 bath & 4 bed 2 bath-- 🚀 Same Parcel 🚀 -- Est. $80k NOI 🍀

Madison County, Anderson, IN, 46016
Sold
Listed at: April 26th, 2023
Price
$107,777
Sq. Footage
4299
Type
Multifamily
Parking
Driveway
Year build
1889
Lot size
0.24 acres
Bedrooms
8
Bathrooms
4
Half Bathrooms
0
Summary

RARITY



Both Buildings on SAME Parcel

Quadplex/Triplex

  • 8 Beds
  • 4 baths
  • 4299 sqft
  • Set up as a quad
  • Metered as a triplex
  • ARV: $350,000
  • Can be split into 6-8 Units
  • Has had some electrical ran
  • Currently set up as 2/1, 2/1, 2/1, 2/1
  • Needs approximately 150k-200k Rehab
  • Rental Rates: $4360-$5508 (VA Rental Rates)
  • Can Refer to PM that can facilitate VA Rental Program (Recession-proof)
  • PHOTOS


Duplex/Quadplex

  • 4 beds
  • 2 baths
  • ARV: $190,000
  • Split into 3 or 4 units
  • Set up & metered as a duplex
  • 2861 sqft (believe to be more sqft)
  • Room to convert into triplex or quad
  • Needs approximately 100-150k Rehab
  • Has had most demo started or completed
  • Rental Rates: $2180-$4360 (VA Rental Rates)
  • PHOTOS


This opportunity has potential to bring in $78,000-$118,000 ANNUALLY

DROPBOX


CALL/TEXT JAMIE TODAY TO SET UP WALKTHROUGHS 317.610.9834

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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