Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $130 per day and long-term for an average of $1,010 per month, based on similar listings in the area. Estimated short-term cap rate of 28.6%. Estimated long-term cap rate of 7.5%. Welcome to 1929 W 8th Street, an exceptional property offering not just one, but two fantastic opportunities for living and investment! Situated just minutes away from Ball State Campus, this charming 3-bedroom, 1-bathroom home features 1,072 square feet of updated living space. Additionally, there's a second building on the property, formerly a garage, which has been properly zoned and framed out to become a one-bedroom, one-bathroom single-family residence awaiting your personal touch. The front property has undergone recent updates throughout. This property presents an ideal opportunity for both investors seeking rental income potential and owner-occupying buyers looking for a beautifully remodeled home with additional living space or rental income potential. Plus, conveniently located nearby, there is a bus stop, enhancing accessibility for residents and making commuting a breeze. Schedule your showing today!
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $1729 |
Bedrooms | 3 |
Bathrooms | 1 |
SQFT | 1,072 |
Furnished | unknown |
Year built | 1900 |
Listing Status | Off Market |
MLS | 21967528 |
