201-203 W Knox ST Pending Save Request In-Person Tour Request Virtual Tour
Mooresville,IN 46158
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22031343
Year Built 1994
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Duplex
Property Description
Fully Remodeled Duplex with Low Maintenance and Strong Cash Flow! This fully remodeled duplex, including all new drywall in 2019, offers a hassle-free investment with minimal maintenance. Both units feature newer appliances, and have been meticulously maintained. Each side boasts 2 spacious bedrooms, 1 large bathroom, a huge living room, and an eat-in kitchen with newer cabinets and countertops. With the roof, windows, and flooring all completed in 2019, this property offers peace of mind for years to come. Situated on a private, dead-end street, it provides a quiet and tranquil setting. Each unit has its own carport, complete with a utility/storage closet, adding extra convenience for residents. Each resident also enjoys a fully fenced private backyard! Currently generating $2,350/month in rent, tenants cover all utilities, including electricity, heat, water, sewer, and trash(separately metered). The property owner is only responsible for taxes ($2286) and property insurance ($1,022), making for a low overhead. With a conservative allocation of 5% for vacancy, maintenance, and capital expenditures, plus 10% for property management, this property delivers a solid CAP rate of 6.49% - an ideal opportunity for savvy investors looking to grow their portfolio with a reliable, income-generating asset. Don't miss out on this money maker!
Location
State IN
County Morgan
Zoning Residential
Interior
Heating Electric,Forced Air,Heat Pump
Fireplace N
Exterior
View Y/N false
Roof Type Asphalt
Building
Story One
Foundation Block,Full
Architectural Style Ranch
Structure Type Vinyl Siding
New Construction false
Schools
Middle Schools John R. Wooden Middle School
School District Msd Martinsville Schools