221 E Jackson Street
Property Description
SOLID INVESTOR OPPORTUNITY! Cash-flowing duplex with 5.46% cap rate and VALUE-ADD potential to reach 8.63%! Both units currently rented: Unit 1 at $740/mo and Unit 2 at $725/mo generating $17,580 annual income. Positive $617/month NOI before mortgage. Well-maintained property with established tenants in place. Current owner pays water, sewer and lawn care. Property features solid fundamentals with moderate 58% expense ratio. Priced at $129,900 for immediate cash flow with built-in upside. Great portfolio addition or first investment property!
Broker Details
NEXTHOME REAL ESTATE CONNECTIONS 812-814-9103
MLS ID: 457 State License Number: #RB14039503,PersonLicenseNumber
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $129,900 |
| Year Built: | 1915 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 1 |
ID: 3yd-THAARIN-109435
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, MichiganBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout