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Archived over 1 year ago

$116,000

6+ bd 4+ ba 0 sqft

7 W & 11 W Ottawa St, Logansport, IN 46947

Residential Quadplex Occupied Off MLS

Current Rent **

$2,005

Projected Rent **

$3,031

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $455
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $475
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $575
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent: $500
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Collect $3,031/month OR MORE on this 4 Unit Property Package in Logansport, Indiana!

Here's a great opportunity to add 4 cash flowing units to your portfolio!

This package consists of a triplex with three 1 bedroom/1 bath units and a 3 bedroom/1 bath single family residence adjacent to one another. Tenant pays all utilities on the single family unit. Owner pays all utilities for the triplex even though the electric is separately metered. These units generate $24,060 in gross annual income!

This is your chance to bring in cash flow with the opportunity to raise rents and increase income!

Location:

7 W & 11 W Ottawa St, Logansport, IN 46947

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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.