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Sold about 2 years ago

$161,500

7+ bd 4+ ba 2888 sqft

433 N 1st Street, Goshen, IN 46528

Residential Quadplex Occupied Off MLS

Current Rent **

$1,675

Projected Rent **

$4,313

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $875
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $800
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 2888 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes

(饾棜饾椉饾榾饾椀饾棽饾椈 饾棞饾棥.) 鉁达笍 饾棨饾槀饾棶饾棻饾椊饾椆饾棽饾槄! 鉁达笍 饾煯饾煰.饾煭饾煴% 饾棖饾棶饾椊 饾棩饾棶饾榿饾棽 饾棧饾椏饾椉 饾棛饾椉饾椏饾椇饾棶! 鉁达笍 饾煯 饾棬饾椈饾椂饾榿饾榾 饾棦饾棸饾棸饾槀饾椊饾椂饾棽饾棻!

7 minutes from Shanklin Park, Abshire Park and Fidler Pond Park

4 minutes from midtown and Goshen Historical Museum

7 minutes from Goshen College

12 minutes from Ivy Tech Community College

Opportunity is knocking! Pick up this 4-unit quadplex in Goshen, Indiana!

Priced at: $161,500

Potential Rent: $4,313/month

DETAILS

6 BR/4 BA

Year built: 1880

Sq Ft: 2,888

Lot Size: 6,969

Unit Mix: One 3 Bedroom/1 Bath Unit , One 2 Bedroom/1 Bath Unit, and Two Studio/1 Bath Units

Current Rents: $800-$875. Studio Units are currently vacant.

Market Rents: $931-1,383/Unit

Annual Tax: $2,471

Utilities: Owner pays for water and sewer while tenants pay for electric and trash removal.

Pro Forma CAP: 24.22% (5% Vacancy, Taxes, Insurance, Water, Sewer, and 10% Prop Management included in Pro Forma Cap and Actuals)

Price: $161,500 (Cash, Hard Money, or Private Money)

Location:

433 N 1st Street, Goshen, IN 46528

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.