713 Reed St - Apartments FOR SALE


Columbus, IN 47201- Downtown Columbus IN
$199,000 USD
713 Reed St, Columbus, IN for Sale
$199,000 USD
Apartments - FOR SALE
1/16
null | 9.07% Cap Rate

713 Reed St
Columbus, IN 47201
Downtown Columbus IN


OVERVIEW

Excellent opportunity for a 2-unit income producing property. Both units are currently occupied for an immediate revenue stream. Lower unit is a 1 bed/1 bath unit that retains much of the original early 1900's charm and has basement access which includes a washer & dryer. The upper unit is a 2 bed/1 bath unit. Parking in the rear off the alley. Tenants pay gas & electric. Landlord pays water & sewer. Centrally located with easy access to all parts of town. The exterior needs repair due to deferred maintenance.

FOR SALE DETAILS

PRICE

$199,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

2

PRICE/UNIT

$99,500

CAP RATE

9.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,734 SF

ZONING

-

APN/PARCEL ID

03-96-19-320-004.500-005

ASK ABOUT THIS PROPERTY

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