PRICE SLASHED ON 2 CASH FLOWING DUPLEXES! Sold

FANTASTIC ROI ON 2 CASH FLOWING DUPLEXES!

401-403 N 13^th St and 204-204 ½ S 14^th St

Richmond, IN

Only $175k!

Both duplexes have had renovations and are cash flowing.  The total monthly rent is $3,058 and tenants pay all utilities.  That is 1.7% rent/purchase price!  Increase rent on all units to average monthly market rent of $4,104 and rent/purchase jumps to 2.3%, more than doubling the 1% rule! Both properties are professionally managed.

401-403 NORTH 13^TH STREET RICHMOND, IN 47374

DUPLEX CASH FLOWING $1654

This 3164’ MFH sitting on a corner lot with two units, one unit has 3 bedrooms plus 1 full bathroom and two half baths, the other unit is a 3/1.5.  Inside of one unit has been renovated including updated bathrooms, new flooring, new paint, and updated kitchen. Although no current leaks, duplex would benefit from new roof, siding, and some replacement windows in attic. Current rent $929 and $725 plus utilities.  Please note that both units are below avg market rent.  Rentometer has average rent for a 3/2 in this area as $1236 per unit.

FOR ADDITIONAL PICS, PLEASE CLICK HERE:  Pics 401 and 403 N 13th St Richmond – Google Drive 

204 SOUTH 14^TH STREET RICHMOND, IN 47374

DUPLEX CASH FLOWING $1404

This 2328’ MFH has two 2/1 units. One unit is upstairs and one unit is downstairs.  This beautiful home features high ceilings, basement, some oroiganl hardwood flooring, beautiful hardwood trim, and a garage.  Each tenant has their own private covered front porch. Upstairs unit has been renovated including updated bathroom, new flooring, new paint, and updated kitchen. Current rent $729 and $675 plus utilities.  Please note that both units are below avg market rent.  Rentometer has average rent for a 2/1 in this area as $816 per unit.

FOR ADDITIONAL PICS, PLEASE CLICK HERE:  Pics 204 and 204.5 S 14th St Richmond – Google Drive