Price Drop on Cash Flowing Duplex Close to University!
1% Rule? How about 1.8% for Cash Flowing Duplex!
404 S 1st St Gas City, IN
Now Only $115k OBO
This 3/1 per side cash flowing 2078 sq ft duplex, only 10 minutes from Taylor University, 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. Plus VALUE ADD POTENTIAL, 2 car garage could be converted to an additional unit! 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