Type:  Duplex

Age:   Built in 1999

Location:   Greenfield, IN

Neighborhood:   Broadway Villages is a quiet community that offers attached duplexes with lawn care, onsite Property Manager, snow removal, and trash removal.

Square footage:  750 in the one-bedroom or 957 in the two-bedroom

Rooms:   The one and two bedroom duplexes offer a living room with vaulted ceilings open to a kitchen and dining area.  Each unit offers a personal driveway with an attached single car garage and a washer and dryer connection.

Strengths:  An investor can purchase well-maintained hassle-free units in a nice community with current tenants for quick cash flow.  The capitalization rate indicates that this is a good solid investment. 

Challenges:  This property is located 30-40 minutes from Hamilton County.  The $8000 first time home-buyer tax credit has recently lured several renters from this community but there is still an 80-90% occupancy.    

WHAT’S IT WORTH?    $73,000 for the one-bedroom unit, $86,000 for the two-bedroom unit.  Both sides are available for purchase for approximately double the price. 

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