Listed by Klein Real Estate
$249,900
900 E CHERRY ST PETERSBURG IN 47567
Details
APN 630227406008000012
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,316
Units 3
Cap Rate 10.12%
NOI $25,290
Occupancy 100%
Tenancy Multi
Rent Bumps No
Price per SqFt $108
Broker Co-Op True
Year Built 1920
Year Renovated 2023
Buildings 1
Stories 2
Acreage 0.250
Zoning R3
Parking Spaces spaces
Investment Type Stabilized
Turn Key Triplex in Petersburg
Marketing description
Strong income-producing triplex with great tenants in Petersburg! This fully occupied property features three units, including two 2-bedroom units and one 1-bedroom unit, all supported by a consistent rental history and expenses kept to a minimum. All units include appliances, updated kitchen cabinets, and have solid hardwood floors, giving a more resilient option compared to other flooring types. Off -street parking adds additional tenant benefit and the storage area works out great for the property manager or owner to store equipment or tools.
Investment highlights
100% Occupied Property
No Immediate repairs or updates needed
Good tenant history
Close to IPL Power plant and multiple other industries that could require STR
Listing Contacts
Listed by Klein Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,290.00
$2,107.50/mo
Valuation Metrics
0
DSCR
10.12%
Cap Rate
10.12%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
