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FS Houses: Buy Sell Rent

Urban Indianapolis Real Estate

317-492-9025 502-409-7797

News

Performing Duplex with out the “Turnkey” Price

By

Ryan Mullin

Posted in FS Houses On January 29, 2016

754 and 756 Pleasant Run Parkway

2 Units

Each unit is 2 bedroom 1.5 baths.

Left side was just rented for 675/month. Move in Feb. 1.  This unit was just renovated and comes with the oversized 2 car garage. The renovation on this side includes a brand new HVAC system including central air.

The right side is rented to a long term tenant for 400 per month.  Tenant is month to month. This side is not fully renovated but doesn’t have deferred maintenance either.  When the tenant moves out a modest turn (normal flooring and paint wear and tear type renovation) will produce a 550 –  600/month unit.  However, the plan is to let the tenant stay as he pays like clock-work and is easy to work with.

Asking price = $71,500

Total rent = 1075/month

Property taxes = 100/ per month

For projections please click here:  Pleasnt+run+Duplex.compressed

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FS Houses: Buy Sell Rent
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