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221 Jackson St Sullivan, IN 47885

  • $135,500
  • 5 Beds
  • 2 Full Baths
  • 2,239 sq ft
  • Year Built: 1915
  • Multi-Unit
  • Listing #109435

Property Description

Nice duplex offering immediate cash flow with both units currently occupied by established tenants. Unit 1 rents for $740/month and Unit 2 for $725/month, generating $17,580 in annual gross income and a current cap rate of 5.46% at the list price of $135,500. The property produces a positive NOI of $617/month before debt service — a strong option for investors seeking stable, turnkey income. Current owner covers water, sewer, and lawn care, reflected in the 58% expense ratio, and presents a clear path to improving returns by adjusting utilities or bringing rents to market rate. Value-add cap rate potential of 8.63% offers meaningful upside as leases renew. Schedule your showing today.

Listing Details

Price$135,500
Bedrooms5 Beds
Bathrooms2 Full Baths
Year Built1915
Property TypeMulti-Unit
Listing #109435
StatusActive
Listing TypeFor Sale

Interior Features

Square Feet2,239

Exterior Features

Lot Size.20

Community Information for Sullivan, IN 47885

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Community overview information from Home Junction Inc.

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