201-203 W Knox St, Mooresville, IN 46158

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!