818 Hart Street

Description

Consistent earning potential in small town Indiana. This 9 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 5 studio apartments. Rental structure is currently flat rate rents with all gas, electric, water, and sewer included. Many of the current tenants are long term renters. Several rents could be raised to keep up with the market, Property exterior, plumbing, heating, and electrical have all been well maintained by owner. Unit #1 360 sq ft. / Studio / $525 / vacant.Unit #2 294 sq ft. / 1-BR / $565 / 2 year tenant.Unit #3 280 sq ft. / Studio / $410 / 5 year tenant.Unit #4 360 sq ft. / 1-BR / $550 / 4.5 year tenant.Unit #5 380 sq ft. / Studio / $525 / 1 year lease.Unit #6 450 sq ft. / 1-BR / $525 / 1 year lease.Unit #7 424 sq ft. / 1-BR / $540 / 5.5 year tenant.Unit #8 174 sq ft. / Studio / $470 / 7.5 year tenant.Unit #9 348 sq ft. / Studio / $525 / 1 year lease.Owner is downsizing portfolio. Owner has another 5-unit building for sell a few blocks away. Owners preference would be to sell both properties together. Property owners are family relatives of listing agent.