5-Plex Multi-Family Apartment | Clarksville, IN near Louisville, KY $27k+ Gross Rent

[Sean Williams]

Building generates $2350/month rental income, with a net CAP rate of 10.25. Nice 5 unit multi-family investment property that includes 2-2BR, 2-1BR, and 1 efficiency owner's suite, (perfect for Landlord office). The exterior of the property has been recently painted, a new sewer line installed, new electrical upgrades, added landscaping, with some new appliances. The two downstairs apartments also have in unit washer/dryer hookups.

Separate electric and water heaters, gas is not separately metered and owner has been paying - however could utilize "RUBS" program.

Size: 3,615 SF
Sale Price: $179,900
Unit Price: $35,980 Per Unit
Sale Terms: Cash to Seller
CAP Rate: 10.25
$28,000 Gross Rent Income
$18,000 Net Income

1 mile from I-65 and approximately 15 minutes from Louisville International Airport. This property would be a nice addition to any investor portfolio!