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Great Opportunity to Buy and Hold!
250 E Main St, Pennville, IN, 47369
14 UNIT APARTMENT PROPERTY
Pennville, Indiana!
PRICE: $799,000
ARV: $904,906
Actual Rent: $7,800/month
Potential Rent: $9,346/month
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Unit Mix:
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Twelve 1BR/1 Bath Units
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Two 2BR/1 Bath Units
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Occupancy: 100% Occupied
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Current Rents: $7,800/Unit
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Market Rents: $550/Unit and $600/Unit
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Taxes: $4,846
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Insurance: $1,800
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Utilities: Tenants pay for Electric/Gas/Trash. Owner pays Water/Sewer
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Building Square Footage: 9,740 Sq Ft
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Lot Size: 36,155
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Year Built: 1982
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Management: Currently self-managed, but an excellent local property management company ready to step in and manage this one for the next owner.
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Cap Rate (Pro Forma): 10.10% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
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Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!
If you have any questions about this property, please contact:
Primary Contact: Honey Abuan (463) 240-1822
Important Disclosures Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.