Description

This duplex offers a great opportunity to an investor wanting a solid cash flowing property or a person or family can live in one side and rent out the other side to build equity with a lower payment. Either option is a smart move. The 1924 side is currently rented (mo. to mo.) while the 1926 side is vacant. This property is conveniently located just north of Beech Grove and each side has 2 bedrooms and 1 bath, gas heat and central air, vinyl clad windows, hardwood floors, a fenced rear yard, storage shed for each unit, and low maintenance stone exterior and vinyl soffits for no exterior painting. This one is a fixer upper and needs work to turn it into the gem that will produce cash flow for the new owner. Pay cash for it or use conventional financing and with 20% down it will produce positive cash flow and a 9.67% cap rate. Priced below value to allow for full rehab. Do not bother tenant on right side (1924). Tenants pay all utilities.