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713 Reed St

2 Unit Block of Flats £181,741 (£90,871/Unit) 8.02% Net Initial Yield Columbus, IN 47201

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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.

Listing Flyer - 713 Reed Street

Property Facts

Price	£181,741	Apartment Style	Single Family Home
Price Per Unit	£90,871	Building Class	C
Sale Type	Investment	Lot Size	0.11 AC
Net Initial Yield	8.02%	Building Size	3,416 SF
Sale Conditions	Deferred Maintenance	Average Occupancy	100%
No. Units	2	Number of Floors	2
Property Type	Residential	Year Built	1900
Property Subtype	Apartment

Price	£181,741
Price Per Unit	£90,871
Sale Type	Investment
Net Initial Yield	8.02%
Sale Conditions	Deferred Maintenance
No. Units	2
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Single Family Home
Building Class	C
Lot Size	0.11 AC
Building Size	3,416 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1900

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	1	£888.51	1,120

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Bike Score ®

Very Bikeable (70)

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Listing ID: 34232706
Date on Market: 18/12/2024
Last Updated:
Address: 713 Reed St, Columbus, IN 47201

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