704 N Alameda Drive
Property Description
Established rental income and a location near Ball State University make this property a compelling addition to an investment portfolio! Leased through July 15th, 2027, at $2,425 per month, the home provides $29,100 in scheduled annual gross rent. Five bedrooms, three full bathrooms, and approximately 2,396 finished square feet, including 1,000 finished square feet in the basement, provide a spacious layout. A tiled foyer welcomes you inside, while basement laundry and off-street parking add everyday convenience. Gas forced-air heat and central air round out the property's features, and the tenants are responsible for all utilities under the lease. Property is currently leased and tenant occupied. Interior photos were taken when the property was staged and do not reflect current tenant furnishings/occupancy. Furniture, decor and personal property shown in the photos are not included in the sale. Sale is subject to the existing lease and tenant rights.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $219,900 |
| No. of Units: | 5 |
| Year Built: | 1920 |
| Lot Size: | 2,396.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $43,980 |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 3 |
ID: 3yd-MEINAR-202643202
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
922 Allen Avenue
St Louis, MissouriBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout