Description

Action Required: No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. All showings require proof of funds, no exceptions. Currently a rental, Keep it as a rental and raise rents to fair market value when current lease expires. (Shortage of Section 8 Housing in Anderson. See upside remarks below) Current Financials: Currently leased out for a total of $850 per month (Month to Month). Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46013 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1,660 per month returning a projected 11% Levered Cash on Cash Return. Property can be sold as a package deal with a Duplex or individually. Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyer must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to current tenant occupancy. Tenant rights do apply until lease expires. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract buyer may conduct physical inspection to verify the condition of property. 4201-4203 Mellen Dr (Duplex) priced at $190,800 can be bought with this investment property as a package or individually. See MLS listing.