713 Reed St - Apartments FOR SALE


Columbus, IN 47201
$225,000 USD
812-350-2693
713 Reed St, Columbus, IN for Sale
$225,000 USD
Apartments - FOR SALE
1/1
null | 8.02% Cap Rate

713 Reed St
Columbus, IN 47201


OVERVIEW

Excellent opportunity for a 2-unit income producing property. Both units are currently occupied for an immediate revenue stream. Lower unit is a 1 bed/1 bath unit that retains much of the original early 1900's charm and has basement access which includes a washer & dryer. The upper unit is a 2 bed/1 bath unit. Parking in the rear off the alley. Tenants pay gas & electric. Landlord pays water & sewer. Centrally located with easy access to all parts of town. The exterior needs repair due to deferred maintenance. The interior condition is much better. Interior photos not included for the privacy of the tenants.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

2

PRICE/UNIT

$112,500

CAP RATE

8.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,734 SF

ZONING

-

APN/PARCEL ID

03-96-19-320-004.500-005

ASK ABOUT THIS PROPERTY

Willard DowneyCarpenter RealtorsMore Info
812-350-2693

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Willard DowneyCarpenter RealtorsMore Info
812-350-2693

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.