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713 Reed St

2 Unit Apartment Building $225,000 ($112,500/Unit) 8.02% Cap Rate Columbus, IN 47201

Apartment Buildings Indiana Columbus 713 Reed St, Columbus, IN 47201

Executive Summary

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.

Attachments

Listing Flyer - 713 Reed Street

Property Facts

Price $225,000 Apartment Style Single Family Home
Price Per Unit $112,500 Building Class C
Sale Type Investment Lot Size 0.11 AC
Cap Rate 8.02% Building Size 3,416 SF
Sale Conditions Deferred Maintenance Average Occupancy 100%
No. Units 2 No. Stories 2
Property Type Multifamily Year Built 1900
Property Subtype Apartment
Price $225,000
Price Per Unit $112,500
Sale Type Investment
Cap Rate 8.02%
Sale Conditions Deferred Maintenance
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.11 AC
Building Size 3,416 SF
Average Occupancy 100%
No. Stories 2
Year Built 1900

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,100 1,120
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Bike Score ®
Very Bikeable (70)
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(812) 350-2693

Contact

  • Listing ID: 34232706

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 713 Reed St, Columbus, IN 47201

More public record information on 713 Reed St, Columbus, IN 47201

The Downtown Columbus IN Multifamily Property at 713 Reed St, Columbus, IN 47201 is currently available. Contact Carpenter Realtors for more information.

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713 Reed St
(812) 350-2693 x

713 Reed St

Willard Downey

(812) 350-2693

(812) 350-2693

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