Miami County, Peru, IN 46970
4 bd2 ba2,420 sfBuilt 1900
Gross spread$60,000
Description
12.7% Cap Now | 24.3% Cap Pro Forma – Investor-Friendly Duplex Location: Peru, IN After Repair Value (ARV): $121,000 (based on nearby duplex comps) Estimated Rehab: Light cosmetic (tenant-occupied, cash-flowing) Equity Upside: $40K+ spread to ARV Property Details: Bedrooms: 2 (1 bed each unit) Units: 2 Bathrooms: 2 (1 bath each unit) Unit Mix: Bedrooms: 2 (1 bed each unit) Bathrooms: 2 (1 bath each unit) Square Footage: ~2,000 SqFt (est.) Lot Size: 2,420 SqFt Year Built: 1900 Lot Size: 2,420 SqFt Year Built: 1900 Investor Highlights: Fully occupied duplex generating $1,100/mo actual rent, with upside to $1,920/mo based on rent comps NOI: $10,146 actual | $18,510 pro forma Cap Rates: 12.7% actual (11.3% w/ rehab) | 24.3% pro forma (20.6% w/ rehab) Tenants pay all utilities (separately metered) Low landlord expenses: taxes $724, insurance $350 annually Professionally managed – hands-off cash flow in place Below-market rents with room to raise to ~$960/unit based on Rentometer Recent duplex sales nearby range $88K–$161K, supporting ARV Rehab Notes: Light rehab – cosmetic updates only; fully occupied and cash-flowing Roof: shingles, good condition Utilities: tenant-paid, minimizing landlord expense Comps: 218 E 5th St – $161,151 – 4 Bed/2 Bath – 0.10 mi 84 Ewing St – $88,200 – 4 Bed/2 Bath – 0.18 mi 202 E 5th St – $114,380 – 4 Bed/2 Bath – 0.09 mi Terms: CASH, HARD MONEY, PRIVATE MONEY BUYERS ONLY: Requires quick and reliable funding. SOLD AS-IS: No repairs will be made by the seller. Act Fast: Deals like this in growing areas don't last long! Call to Action: Contact Shannon Tillis for more details and to learn the exact location: Call/Text: [contact details hidden] Email: [contact details hidden]
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Property
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Seller
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