Loan Price
$346
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(SOLD) $40,000
806 Broad Street New Castle, IN 47362
Property Description for 806 Broad Street New Castle, IN 47362
Unlock the potential of this gutted triplex, ready for transformation into a high-yield 4-unit Quadplex. This property is primed for the savvy investor willing to do the renovations. Property Details: Current Setup: Triplex, 2 Water Heaters, 3 Electric Panel Boxes. Conversion Potential: 4-unit Quadplex with 1 Bed/1 Bath or Studio apartments Utility Upgrade: Can be upgraded to 4 separate electric meters Renovation Scope: Electrical upgrade needed (suggested upgrades: 4 tankless water heaters, additional electric panel box to have 4 total), Siding repairs, Porch railing replacements, Repainting, Minor foundation repair, Financial Highlights: Section 8 FMR in 47362: Up to $730/month per unit Projected Gross Income: $2,920/month post-renovation This property presents an excellent value-add opportunity with significant upside potential. With the right improvements, you can maximize your ROI and secure steady income.
Address:806 Broad Street New Castle IN 47362
Status:Sold
Sold On: 10/15/2024
Price:$42,400
Bathrooms:0
Year Built:1900
Lot Size:0.15
County: Henry
Township: Henry
MLS #:21997271
Property Type:Triplex
Lot Dimensions:6621
Road Access:Access Rd
Directions:GPS Friendly
Basement:Yes
Semi-Annual Property Tax:$720
Tax Year:2023
Mandatory HOA Fee:$
Middle School:New Castle Middle School
Tucker Customer Care
Additional Phone (317) 954-4768
Email customerservice@talktotucker.com
F.C. Tucker Company
Listing provided courtesy of Jordan Ice with Fair Market Value Investment Sales from MIBOR as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 08/18/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
New Castle Market Report
118
Avg. DOM
$111.09
Avg. $ / Sq.Ft.
$ 151,200
Med. List Price
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