Todd Keith

Five Stream Ventures LLC
972-836-7705

Two 100% occupied, Cash-flowing duplexes in landlord-friendly Indiana! Below market rents that, if raised to market levels, would allow the next investor to gross $1,919 a month. 17.31% Cap Rate on Actuals and 26.82% Cap Rate on Pro Forma. 

Pick up this 4 Unit 2 Property Package Deal for only $53k. This one won't last long!  

Address: 1321 East 1st Street, Muncie, Indiana 47302 & 2917 Fletcher Street, Anderson, Indiana 46016 (Click Here For Map) 

Units: 4

Unit Mix: Two 1 Bedroom / 1 Bath Units and Two 2 Bedroom / 1 Bath Units.

Current Rents: $ 300 – $500

Market Rents: $400 – $593

Square Footage: 

• 1321 East 1st Street- 1,560 sqft 

• 2917 Fletcher Street- 1,312 sqft 

Annual Tax: $1,400 

Occupancy: 100% 

Year Built: 

• 1321 East 1st Street- 1900 

• 2917 Fletcher Street-1940 

Utilities: Owner pays for water, sewer for all units and gas for downstairs unit only on 1321 E 1st. Tenants pay for electric on all units. 

Management: Currently self managed, but excellent local property management company ready to step in and manage this one for the next owner. 

Actual CAP: 17.31% 

Pro Forma CAP: 26.82%(10% Property Management, 5% Vacancy, Taxes, Insurance, and Owner’s Portion of Downstairs Unit’s Water, Sewer, Gas ) 

Price: $53,000 (Cash, Hard Money, or Private Money) 

Executive Summary, Photos, and Rent Comps can be found in this Google Drive Folder.(Please Click Here)

Due Diligence: Buyers are encouraged to do their own due diligence. (See Important Disclosures Below) 

Todd Keith

Five Stream Ventures LLC
972-836-7705

Now available! Purchase this 4 Unit Apartment Building for $58k in Lebanon, Indiana. Hot Neighborhood.  New electrical throughout and Separately Metered. All New Water Heaters. Average property price in this neighborhood is $133K. Tired landlord. This one won't last long!  

Address: 117 West Noble Street, Lebanon, Indiana 46052 (Click Here For Map)

Units: 4

Unit Mix: Two 3 Bedroom / 1 Bath Units; One Efficiency / 1 Bath Unit and One 1 Bedroom / 1 Bath Units

Current Rents: Currently 25% Occupied  

Market Rents: $527 – $629/Unit

Square Footage: 4,270 sqft

Annual Tax: $1,400

Occupancy: 25% 

Year Built: 1950

Utilities: Owner pays for water and sewer while tenants pay for electricity and gas. (Separate Electric Meters)

Management: Currently self managed, but excellent local property management company ready to step in and manage this one for the next owner. 

Actual CAP: 3.31% (Due 75% vacancy rate) 

Pro Forma CAP: 33.42% (5% Vacancy & Taxes, Insurance, Water, Sewer and 10% Prop Management included assumed) 

Price: $58,000 (Cash, Hard Money, or Private Money) 

Todd Keith

Five Stream Ventures LLC
972-836-7705

For less than the price of most Single-Family Homes, you can have 2 income-producing units!

PRICED TO MOVE QUICKLY:  $33,500

This multifamily property offers multiple money-generating strategies:

• Priced to MOVE   
• $11,051 estimated/pro forma annual NOI 
• Room for Rent Increases
• Perfect small multifamily deal
• Even more possible value plays

Number of Units:  2

Style:  Two-story

Current Occupancy:  100% 

Building Square Footage:  980 sqft

Lot Size:  2,565 sqft

Year Built:  1926

Utilities:  Tenants pay for all utilities. 

Roof: Asphalt 

Construction: Frame/Siding

Building Square Footage: 980

• Pro forma cap rate 32.99%
• Pro Forma cash on cash return 117.0%
• 5-year annual ROI 121.5% per year
• Great Investment Opportunity
• Excellent Professional Property Management company available
• Cap Rate on Actuals: 17.78% 
• Akron is one of the top Real Estate markets in Ohio
• $5,956 actual NOI 
• $11,051 Pro Forma NOI