4 Multifamily Property Portfolio Multi-Family FOR SALE


Terre Haute, IN - Downtown Terre Haute
$1,455,000 USD
812-235-4433
, Terre Haute, IN for Sale
$1,455,000 USD
Multi-Family - FOR SALE
1/24
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4 Multifamily Property Portfolio
Terre Haute, IN
Downtown Terre Haute


OVERVIEW

Attention INVESTORS!! This is an incredible opportunity to purchase a fantastic income producing portfolio of 4 multi-family properties total that are running at, or near, 100% occupancy consistently. Many updates have been completed on these properties recently with a large focus on the exterior beautification to maximize curb appeal in order to attract top quality tenants. The tenants pay all utilities, the current owners actively seek quality tenants with long term leases, at the time of listing, there were no month-to-month leases in place, only longer-term leases, & the current income exceeds the 1% rule. All 4 properties are located in high demand rental areas in the city of Terre Haute with 3 being very close to the ISU campus, & the 4th in 1 of Terre Haute's most desired east side residential subdivisions, Edgewood Grove. 315 & 317 Potomac Ave- 5 units & 5 garages-$4700-month total income when at full capacity, currently 1 vacancy. 503 Hulman St-3 units, 1 detached garage-$2075-month total income currently, 100% occupancy. 518 S 5th St-6 units, 0 garage-$3945month total income currently, 100% occupancy. 721 S 6th St-8 units, 1 large garage w/ 2 overhead doors being leased as a 9th unit for additional income. -$6385 month total income currently, 100% occupancy.

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Bobbi BurnsRemax/Rl Est AssocMore Info
812-235-4433

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Bobbi BurnsRemax/Rl Est AssocMore Info
812-235-4433

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.