4-plex apartment home located 6 blocks south of the ISU campus

[Jared Coley]

$99,900

4-plex apartment home located 6 blocks south of the Indiana State University Campus.  

Gross rent potential:

Apt A: $550

Apt B: $450

Apt C : $695

Apt D: $650

Total: $2,345/month

Tenants pay electric, water, and sewage.

Home is in need of the following repairs:

Electric baseboard heat needs to be replace with forced air heat.

Exterior repairs including roof, facia, soffit, guttering, siding, are needed.

Price reflects repairs needed.

We just had an appraisal complete at 518 S 5th for a 6 unit apartment building that came in at $188,000K

Property is managed by Complete Landlord Solutions