Address: 2849-51 N Delaware St., 46205 Number of units: Duplex that would be great to convert into single family Bedroom count: 3 per side Bathroom count: 1 per side Asking price: $36,000 Renovation/Construction cost: 50k ARV/Market Value: $145,000 + Market rent: $750 per side/ $1500 per month (expected to increase to $1200 per side within 5 years) Cap rate: 21% Notes: This is a solid house in a neighborhood that definitely is on the rise in terms of value. It is free and clear of mortgages, judgments, and or leins. There is a house on the same street with the same layout that is valued at 150k. Within 4-5 years this home will be worth close to 200k. Great investment
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