315 Potomac Avenue, Unit 0
Property Description
Attention INVESTORS!! This is an incredible opportunity to purchase a fantastic income producing portfolio of 4 multi-family properties total that are running at, or near, 100% occupancy consistently. Many updates have been completed on these properties recently with a large focus on the exterior beautification to maximize curb appeal in order to attract top quality tenants. The tenants pay all utilities, the current owners actively seek quality tenants with long term leases, at the time of listing, there were no month to month leases in place, only longer term leases, & the current income exceeds the 1% rule. All 4 properties are located in high demand rental areas in the city of Terre Haute with 3 being very close to the ISU campus, & the 4th in 1 of Terre Haute's most desired east side residential subdivisions, Edgewood Grove. 315 & 317 Potomac Ave- 5 units & 5 garages-$4700 month total income when at full capacity, currently 1 vacancy. 503 Hulman St-3 units, 1 detached garage-$2075 month total income currently, 100% occupancy. 518 S 5th St-6 units, 0 garage-$3945 month total income currently, 100% occupancy. 721 S 6th St-8 units, 1 large garage w/ 2 overhead doors being leased as a 9th unit for additional income. -$6385 month total income currently, 100% occupancy.
Broker Details
Remax Real Estate Associates (812) 235-4433
MLS ID: 449 State License Number: RB14029244
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,455,000 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-THAARIN-110536
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