202 E 5th St
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202 E 5th St
16 Unit Apartment Building $1,098,539 CAD ($68,659 CAD/Unit) 8.50% Cap Rate Fowler, IN 47944
Investment Highlights
- Multi-use, 16 unit commercial property.
- 8.5% CAP rate.
Executive Summary
***INVESTMENT OPPORTUNITY*** ***PASSIVE INCOME*** Looking to expand your real estate portfolio? This mulit-use, 16 unit commercial property is one you will want to take a look at! With an 8.5% CAP rate, over $100K in capital improvements this year, this property is an excellent addition to your real estate investments. New roof, new exterior doors, new upper deck, all in the last 90 days! Currently rented with an 81% occupancy rate! Increase your earning potential with 100% occupancy rate! Call an agent today!
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Refrigerator
- Range
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $304,027 CAD | |
| Land Assessment | $24,260 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $279,767 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$24,260 CAD
Improvements Assessment
$279,767 CAD
Total Assessment
$304,027 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | GB (General Business) |
| GB (General Business) |
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202 E 5th St
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