IN > Mooresville > No Subdivision
Mooresville, IN 46158,201-203 W Knox ST
Mooresville, IN 46158,201-203 W Knox ST
Mooresville, IN 46158,201-203 W Knox ST
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Listed by Rosie Berzenye • T&H Realty Services, Inc.
$275,000
Est. payment /mo
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0.28 Acres Lot
Pending

201-203 W Knox ST Mooresville, IN 46158

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Jack Aikin

Jack Aikin

+1(317) 341-1461

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 22031343

Year Built 1994

Tax Year 2024

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Duplex

Property Description

Fully Remodeled Duplex with Low Maintenance and Strong Cash Flow! This fully remodeled duplex, including all new drywall in 2019, offers a hassle-free investment with minimal maintenance. Both units feature newer appliances, and have been meticulously maintained. Each side boasts 2 spacious bedrooms, 1 large bathroom, a huge living room, and an eat-in kitchen with newer cabinets and countertops. With the roof, windows, and flooring all completed in 2019, this property offers peace of mind for years to come. Situated on a private, dead-end street, it provides a quiet and tranquil setting. Each unit has its own carport, complete with a utility/storage closet, adding extra convenience for residents. Each resident also enjoys a fully fenced private backyard! Currently generating $2,350/month in rent, tenants cover all utilities, including electricity, heat, water, sewer, and trash(separately metered). The property owner is only responsible for taxes ($2286) and property insurance ($1,022), making for a low overhead. With a conservative allocation of 5% for vacancy, maintenance, and capital expenditures, plus 10% for property management, this property delivers a solid CAP rate of 6.49% - an ideal opportunity for savvy investors looking to grow their portfolio with a reliable, income-generating asset. Don't miss out on this money maker!

Location

State IN

County Morgan

Zoning Residential

Interior

Heating Electric, Forced Air, Heat Pump

Fireplace N

Exterior

View Y/N false

Roof Type Asphalt

Building

Story One

Foundation Block, Full

Architectural Style Ranch

Structure Type Vinyl Siding

New Construction false

Schools

Middle Schools John R. Wooden Middle School

School District Msd Martinsville Schools

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Jack Aikin

Agent | RBRB19000475

+1(317) 341-1461

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201-203 W Knox ST

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