Great Opportunity to Buy and Hold!
16 N 14th St
Duplex Property in Richmond Indiana
PRICE: $79,500 Market Comps: $107,950 Potential Rent: $1,752 Cap Rate (Pro Forma): 19.93%
Unit Mix:
2 Bed 1 Bath for both units
Occupancy: 100% Vacant
Market Rents: $1,752
Taxes: $1,834
Insurance: $300
Utilities: Tenant pays all
Rehab: ~$10,000
Building Square Footage: 1,596
Year Built: 1900
Management: Currently self-managed, but an excellent local property management company ready to step in and manage this one for the next owner.
Cap Rate (Pro Forma): 19.93% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!
If you have any questions about this property please contact:
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.