301 S 9th St, Richmond, IN 47374

3 beds, 2 baths, 1,804 sqft
For Sale by Owner
$14,995
Zestimate®: $34,025
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This property is a 2 story Duplex that has a total of 3 bedrooms and 2 full bathrooms! This home is in a desirable area and is on a very safe street that is just a few minutes from Downtown Richmond, IN. The home Features 2 Living rooms, 2 kitchens, 3 Bedrooms, 2 full bathrooms, 1 Laundry Area, Basement, Separate furnaces and Separate Electric Meters, separate Gas Meters along with Separate Water Heaters! Apartment 1(first floor) has 2 Bedrooms, 1 Living room, 1 Bathroom, 1 Kitchen, Basement, 1 Porch! Apartment 2 has its own separate entrance from the front and back of the home! Apartment 2 (second floor)has 1 Bedroom, 1 Living room, 1 Bathroom, 1 Eat in Kitchen! The basement was dry and there was no sign of any termites. The foundation of the home is in excellent condition! The roof looks to be around 5-7 years old and seems in tact. The shingles on the roof should have a good 12-15 more years of useful life left! All the plumbing is intact in the home and you should not have any major issues with any of the plumbing! Approximately Total Finish Square foot is 1,804 of which 1,000 s/f down and 804 s/f up. Lot Size: 46 x 69, Annual Taxes: $1,050.00, City Water and City sewer: Siding: Vinyl ,Furnaces look to be in working condition. Updated electric Boxes. This home has been winterized. Average Rent: First Floor $425/450 Second Floor $400Tax Assessed @ $52,000.00. Zillow Value $32,000.00. Facts Lot: 3,179 sq/ft Multi Family Built in 1910 Cooling: Central (No Condensers) Heating: Forced air Flooring: Hardwood, Tile Lawn Partial basement There is approximately $1,200 in electrical work that's needs to be done before the power can be turned on to the second floor apartment. There is approx. $1,200 in plumbing work and $500 in miscellaneous items. Otherwise this is rent ready. You are advised to do your own due diligence. We are selling this property as is, where is. Cash Price: $14,995Seller Financing:Purchase Price: $19,995Down Payment: $5,000Seller Financing: $14,995 (12% INT/10 Yrs Am/3 yr ballon Monthly Payment: $215.00Escrow: Taxes & Insurance: $140 P/MLand Contract: When the property is paid in full the Deed will be released & recorded.Closing Costs: $300.00 Contract prep/Attorney FeeGross Rent: $825 P/M x 12 = $9,900 x .61 = $6,039Net Rent: $9,900 x .61 = $6,039Cap Rate: 30 %Cash on Cash: .128Debt Coverage: 2.36  MoreLess
Facts
  • Lot: 3,179 sqft
  • Multi Family
  • Built in 1910
  • 261 days on Zillow
  • Heating: Forced air
  • Last sold: Jan 2012 for $24,945
  • Price/sqft: $14
Features
  • Deck
  • Flooring: Hardwood, Tile
  • Lawn
  • Parking: Off street, On street
  • Partial basement
  • Patio
  • Porch
  • Transportation
  • Vaulted Ceiling
  • Wired
Additional Features
  • Living room
Appliances Included
  • Washer
Room Types
  • Breakfast nook
  • Dining room
  • Family room
  • Master bath
Construction
  • Foundation type: Crawl/Raised
  • Roof type: Asphalt
  • Room count: 8
  • # Stories: 2.0
Other
  • Floor size: 1,804 sqft
  • Laundry: In Unit
  • Parcel #: 89-18-05-240-802.000-030
  • Zillow Home ID: 85781157
Home Values
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$34,025
+$4,265 Last 30 daysd
$29K
$39K
Zestimate range
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$671/mo
-$1 Last 30 daysd
$470
$960
Zestimate range

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Neighborhood for 301 S 9th Street

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Zillow predicts Indiana home values will increase 2% next year. Among 47374 homes, this home is 81.1% less expensive than the midpoint (median) home, and is priced 87.5% less per square foot.

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    Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005
    Call: (800) 514-1987

    Email successfully sent!Submission failed!

    Next: Find out what you can afford on Zillow Mortgage Marketplace.

    Get Pre-Approved

    Next: Get Pre-Approved

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    Contact me

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