Summary
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Discover a lucrative investment opportunity in Logansport, Indiana – an 18-unit apartment building boasting 1 Bedroom and 1 Bath in each unit. Currently at 83% occupancy, this property generates a Gross Rent of $8,554, with the potential to reach an impressive $12,870/month when fully occupied. With the owner covering all utilities, the actual CAP stands at an attractive 12.20%. Furthermore, the pro forma cap rate is a compelling 23.63%.
Priced competitively at $385,000 and having undergone recent renovations, this property presents a prime chance to secure a stable and profitable asset in the thriving real estate market.
Don't miss out on this exceptional opportunity!
Important Disclosures:
Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is, with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.
Videos
900 North St, Logansport, IN 46947
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
| Bedrooms | |
| Bathrooms | |
| Sq. footage |
Deals nearby
Available
Sold