$719,000
624 W Walnut St. , Washington, IN 47501
Current Rent **
$7,520
Projected Rent **
N/A
Turn Key New Construction 8 Plex
This is a garden-style, brand new 8 plex property. Each unit is furnished with appliances plus washer and dryer. These apartments produce little utility cost with tankless water heaters and very efficient mini split HVAC systems. Lower utility costs result in less renter turnover. Every floor is covered with commercial warrantied vinyl floors. All lighting is LED output. Each kitchen features shaker maple cabinets.
This new development is right in the heart of an already strong workforce industry, plus new industries are expanding, promising more jobs. Daviess County already ranks very high in the US for a low unemployment rate while also remaining a medium ranked average household income; making the county a very strong rental market.
Local, growing industries/companies:
Naval Surface Warfare Center, Crane Division (expanding)
GPC (Grain Processing Company) (expanding)
Rescom
Belt-Tech
M&C Tech
Boyd And Company Inc.
IPL (Indiana Power and Light) powerplant is 15 min drive
Newly constructed Interstate 69 highway completed through Washington, IN in 2016.
This project is going to be under construction within the next month. We are willing to put together a contract to purchase during construction with earnest money. Flexible on financing options.
This complex will also feature optional storage. There will be (8) 5x10 storage units on site renting for 40$/month.
Contact Ross Wade, owner of RDW Contracting and Paramount Estates 812-698-4636
-or- Nathan Frederick, owner of Frederick Homes at 812-380-1565
email: [email protected]
*** the photos you see above are from a previous completed exact floor plan building
Location:
624 W Walnut St. , Washington, IN 47501
Report Abuse
* 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.
Only paying BiggerPockets members can do this!
Upgrade your account to a Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!