1% Rule? How about 1.8% for Cash Flowing Duplex!
404 S 1st St Gas City, IN
$120k
This 3/1 per side cash flowing duplex, with 2078 sq ft, should soon be back to producing $2020 per month blowing away the 1% rule and providing 1.8%! The upstairs tenant is paying $1010 and the recently vacated unit was also paying $1010. Both units are separately metered. Tenants pay all utilities except water and sewer.
Owner has made many improvements to the property including replacing the roof 2 years ago and seamlessly converted it from a 2/1 per side to a 3/1 per side. Property features real hard wood flooring and a 2 car garage. Age of mechanicals are not known, but per the owner, there are no known issues.
Click here for additional photos and video: Folder – Google Drive