Duplex in Elkhart – $65k | ARV $170k | Priced to Move

[Chris Piper]

📍 311 Hillside Ct, Elkhart, IN 46516

💵 Price: $65,000

🏠 Property Type: Duplex (1 bed/1 bath + 2 bed/1 bath)

📐 Total Size: 1,536 SF

Deal Snapshot

• ARV: ~$170k
• Rehab: ~$20k (light – one unit nearly turnkey)
• All-In: ~$87k
• Current Rent: $775/mo (1/1 tenant, 5+ yrs, currently month-to-month)
• Market Rent: ~$2,140/mo total
• Cap Rate (Pro Forma): ~19.6%
• RTCR: 2.46%

Highlights

✅ Nearly turnkey duplex with upside

✅ Current tenant has 5-year payment history

✅ Vacant unit nearly rent-ready

Terms

• $2,000 EMD
• Close at Michiana Title (Mishawaka, IN)
• Sold As-Is

📲 Contact:

Chris – Urban Rise Equities LLC

Call/Text: (574) 807-6647

Email: [email protected]

⚡ Serious cash buyers only. First EMD in takes it.