Investor · Oakland, CA · Member since 2016 · 47 posts · 6 votes
This is a fully occupied 4 unit building in Terre Haute, Indiana just a few miles from Indiana State University.
Total rents are $2230 a month today. There is new property management in place as of October of last year ( fired the old ones) and there are stable tenants in place. Evicted a problematic tenant last year and no problems since.
Owner pays all utilities including gas, electric, water and sewage which averages out to 400$ a month throughout the year. ( higher in winter , lower in summer)
One of the units was recently updated and was rented out for $600 a month ( see photos) The other 3 units can also be upgraded by the same company for about 3-4K a piece ( through the same company I used) and can also get $600 a month or higher
Asking 120,000. Cash buyers ideal but conventional financing okay too.
Honolulu, HI · Member since 2017 · 22 posts · 2 votes
8y
Hi John,
Very interested in this 4-plex. We may be able to purchase with cash if the deal is right. If you have any additional information, please send it to [email protected]. Hopefully we can arrange a call to discuss this property. Thank you!
Rental Property Investor · Shreveport, LA · Member since 2016 · 24 posts · 0 votes
8y
Hi John, I’m interested in this property. I had a seller in TH back out on me recently and am very interested in yours. Could you please contact me at [email protected]?