Buy this Christmas gift that keeps on giving! Sold

  • $325,000

Buy this Christmas gift that keeps on giving. 15 units with cash flow of more than $10,000 per month. Does it meet the 1% rule? Sort of…the income TRIPLES the 1% rule! Add this 15-unit package in a neighborhood with mostly rehabbed multi-unit buildings to your portfolio.

All properties are within a mile of Indiana State University (over 13,000 students) and some are just a couple blocks away.

All buildings are structurally sound; mostly newer roofs; plumbing updated to PVC; wiring updated as well. Pocket a monthly rental income of $10,000 for only $325K. 14 out of 15 units are occupied with most tenants staying for more than 5 years.

 

 

Frequently Asked Questions:

  1. Can you provide financing? NO
  2. Are tenants in place? YES
  3. Are tenants current? CONTACT FOR MORE INFO
  4. When does the tenant lease expire? CONTACT FOR MORE INFO
  5. Who pays the utilities? (tenant or owner) TENANTS
  6. Can you manage the rehab? NO
  7. Can you manage the property? NO
  8. Can I lease it from you? NO

What to expect:

  • Property is being sold ‘as-is’.
  • The buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
  • The buyer will need to sign paperwork and submit $2,000 of non-refundable earnest money to a title company specializing in investment properties to reserve the property.
Price:
$325,000
Address:
607 S 5th St, 1125 S 7th St, 1135 S 7th St, 2033 N 10th St
Terre Haute, IN 47802
Terms:
For Sale
Property Type:
Multi-family

Call 866-335-3739 for more details

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