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***SOLD***4-UNIT APARTMENT COMPLEX **SOLD**

***SOLD***4-UNIT APARTMENT COMPLEX **SOLD**

72,000.00

401 State St

Elkhart, IN 446516

sold out
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SUMMARY

 

Highlights

Collect $1,640/month OR MORE on this
4-Unit Property in Elkhart, IN!
**SELLER FINANCING**

  • Are you looking for real passive income?
  • Are you looking to multiply your returns in real estate?
  • Tired of competing over single family units?
  • For less than the price of many Single Family Homes, you can have 4 income-producing units!

PRICED TO MOVE QUICKLY:  $110,000
Don’t miss out!

Investment Opportunity

  • Pro forma cap rate 9.5%Cash on cash return 23.7%

  • Cash on cash return 23.7%

  • 5 year annual ROI 37.7% per year

  • Stable Property in hot rental area

  • No repairs needed

  • Great mix of one studio, one 1 bed/1 bath, one 2 bed/1 bath, and one 3 bed/1 bath

  • Priced to MOVE

  • Fully occupied

  • Perfect small apartment starter

  • Priced below market

  • Room for rent increases

  • Even more possible value plays!


 

Property Details

Price: $72,000 - CCR 23.7% - 5 YR ROI 37.7%
Address: 401 State St
City: Elkhart
State: IN
Zip Code: 46516

Terms: For Sale
Property Type: Apartment

 
 

This is an Off-Market Deal

For additional information and an Information Packet see below.