MUST SELL 3 Doors – Kokomo CASH $99K OBO
FIX & FLIP OR BUY AND HOLD
SFH and 2 Apartments
522 W Walnut St Kokomo, IN
URGENT MATTER MUST SELL ASAP
ALL OFFERS WILL BE CONSIDERED AND BEST WILL BE ACCEPTED
Back on the market! This property has been significantly reduced to reflect the recent inspection report which is available by request. Owner has moved into a senior center and needs the money. All offers will be considered. Take advantage of the hot rental market in Kokomo with the potential to earn over $3k per month with this 3 Door Buy and Hold or invest in this property as a fix and flip.
Due to this unique configuration, I do not have ARVs available. This package features a SFH and 2 Apartments on one parcel of land.
The SFH is 2077 sq ft and has 3 bedrooms and 1 ½ baths. Each apartment is 504 sq ft with one bedroom and one bath. All units are separately metered. The property is located in the Old Silk Stocking Neighborhood close to downtown and public transportation.
The SFH had a new roof installed in 2018, updated sewer line in 2017, and all new windows on the bottom floor. The water heaters in apartments were installed in 2019 and 2022. Age of other mechanicals is not known but everything is in working order.
Per Rentometer, avg monthly market rent for a 3/1.5 SFH is $1402 and $960 per 1/1 apartment for a total of $3,322 per month.
Click here for additional photos and video: Pics 522 W Walnut St Kokomo, IN – Google Drive