Sold! Beautiful Rental in good condition with great tenants. The charm and character of this home is so inviting.
Addresses: 221 Perrin Avenue, Lafayette, IN
Lot: 8712 SF
Building Above Ground SF: 2232
Price: 159,000
There was considerable amount of work done to maintain the systems of this structure including replacement of water line into and sewage out of the home. This is a perfect opportunity to own a very desirable rental property. Fully leased until July 2019. The 2-story garage is currently used by the owner & family, and they require continued use of that structure until July 31 2019 & may need to negotiate the use of the upstairs section for a continued period of time at an agreed upon rate.
Unit 1 (upper), 2 bedrooms/1 bath, $670/month rent
Unit 2 (main), efficiency/1 bath, $400/month
Unit 3 (main), 1 bedroom/1 bath, $600/month
Gross Annual Rent: $20,040
Expenses:
Water/Sewer: 600
Insurance: 2000
Property Tax: 1987.36
Maintenance: 1000
Net Annual Income: $41,452.64
Amenities: Basement, Ceiling Fan, Attic-Walk-up, Ceiling-9+, Deck Open, Porch Covered, Six Panel Doors, Custom Cabinetry
Sale Includes: building, land, leases
OWNER PAYS: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Tax, Water
TENANT PAYS: Cooling, Electric, Fuel, Heating, Deposit Value
Call Christy or Barry at 765.426.8898 for details!
If you are interested in buying or selling a multifamily, please call or email Barry Rubin at 765-426-8898 email or Christy Carr at 765-497-9993 email.
