EXCELLENT PRICE on this 3/1 Duplex in Lebanon with CRAZY CASH FLO

[Amie Lieurance]

Attention small multi-family investors!! Lebanon is a great town northwest of Indy that sits off of Interstate 65. With easy access to Indianapolis, many folks who live here commute into the city. This could be a great place for you to invest. Here is a vacant duplex that is walking distance to downtown Lebanon. The city is building a running trail through the town and it will literally go in front of the house and the trail will be lined w/ lights, benches, flowers, etc. 

The downstairs unit is 3/1 and the upstairs could also be considered a 3/1 but most tenants have used one of the bedrooms as a living room. The roof is about 8 yrs old and the tenants will also appreciate the 2-car detached garage that comes with it!! The upstairs unit can be considered rent-ready now and get about $700/mo or it can be fixed up and get up to $850. The downstairs unit will need to be rehabbed and once updated you could pull in $900+ per month in rent.

There are quite a few 4-plex properties within the quarter mile that all sold for over $100k, but only one duplex which is listed below.

417 W North St - LEASED $850 per month (also a duplex within a quarter mile, ONLY 2 beds, 1 bath)
707 W Washington - SOLD $96k AS IS (rent-ready downstairs, upstairs AS IS, ONLY 13 DOM)

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