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500 N Church St - 500 N Church St, Ft Branch 4 Unit Apartment Building Offered at $200,483 CAD at a 8.86% Cap Rate Fort Branch, IN 47648
EXECUTIVE SUMMARY
Multifamily Investment includes Duplex & 2-unit Storage. Duplex is concrete structure with 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 with vinyl exterior and concrete floor. Measuring 34’ x34’, 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 | $200,483 CAD | Lot Size | 0.29 AC |
| Price Per Unit | $50,121 CAD | Building Size | 2,794 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| Cap Rate | 8.86% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1949 |
| Property Type | Multifamily |
| Price | $200,483 CAD |
| Price Per Unit | $50,121 CAD |
| Sale Type | Investment |
| Cap Rate | 8.86% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.29 AC |
| Building Size | 2,794 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
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500 N Church St - 500 N Church St, Ft Branch
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