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500 N Church St - 500 N Church St, Ft Branch 4 Unit Apartment Building Offered at $147,500 at a 8.86% Cap Rate Fort Branch, IN 47648
Executive Summary
Multifamily Investment includes Duplex & 2-unit Storage. Duplex is concrete structure with a stone exterior. Both unit kitchens’ refrigerator & stove are included in the purchase. Unit A, including garage, is occupied by a long time tenant & Unit B is Vacant. Tenant is responsible for Utilities, split systems for heat & air in place. Storage building is concrete block building covered with vinyl and features concrete floor. Measuring 32’ x32’, storage does not currently have electric panel, but can be added. Owner is responsible for mowing, taxes and insurance. Unit A lease term 6 months from date of closing and 2-unit Storage lease term 3 months from date of closing. Listing as MLS# 202602645
Property Facts
| Price | $147,500 | Lot Size | 0.29 AC |
| Price Per Unit | $36,875 | Building Size | 2,672 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| Cap Rate | 8.86% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1949 |
| Property Type | Multifamily |
| Price | $147,500 |
| Price Per Unit | $36,875 |
| Sale Type | Investment |
| Cap Rate | 8.86% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.29 AC |
| Building Size | 2,672 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1949 |
Amenities
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
1 1
Property Taxes
| Parcel Number | 26-19-18-301-000.484-026 | Improvements Assessment | $66,000 |
| Land Assessment | $14,900 | Total Assessment | $80,900 |
Property Taxes
Parcel Number
26-19-18-301-000.484-026
Land Assessment
$14,900
Improvements Assessment
$66,000
Total Assessment
$80,900
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500 N Church St - 500 N Church St, Ft Branch
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