640 & 646 S Penn St

Multi-Family for Sale
Catylist Listing ID: 30863646
Number of Units: 2 Units
Building Size (RSF): 2,000 SF
Gross Building Area: See Agent
Sale Price: $245,000
Unit Price: $122,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/20/2024

Overview / Comments

This 2 property bundle in the HIGHLY sought after and BOOMING Sellersburg, Indiana is your opportunity to acquire 2 of the highest appreciating assets-single family homes-with significant upside both in rent, AND in equity! With this area EXPLODING in developments and new construction, it is the perfect place to acquire some property and let the tenants pay down the equity for you! This bundle offers a 3 bedroom, 2 bathroom (1 full and 1 half) home with an oversized 2 car garage, and another 2 bedroom, 1 bathroom home-2 of the most in demand styles right now! With 1 rented (below market) and 1 vacant, you can immediately begin renting the vacant unit for market rent since it is currently rent ready, while you still have the stability and income from the other property.

This bundle is an opportunity that doesn't come around often-just go look at the Sellersburg market at what similar homes in this price point look like-this is a STEAL! You will need to hurry though, this deal will NOT last long-book your showing today!

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 101711000476000031
Zoning: RESIDENTIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,692 16,181 64,037
Median Age: 39.33 38.07 37.78
Households: 1,113 6,002 25,115
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