201 203 W Knox Street
Mooresville, IN 46158
- – beds
- – baths
- – sqft
- 11,979 sqft lot
- 1994 build
More homes
Fully Remodeled Duplex with Low Maintenance and Strong Cash Flow! This fully remodeled duplex, including all new drywall in 2019, offers a hassle-free investment with minimal maintenance. Both units feature newer appliances, and have been meticulously maintained. Each side boasts 2 spacious bedrooms, 1 large bathroom, a huge living room, and an eat-in kitchen with newer cabinets and countertops. With the roof, windows, and flooring all completed in 2019, this property offers peace of mind for years to come. Situated on a private, dead-end street, it provides a quiet and tranquil setting. Each unit has its own carport, complete with a utility/storage closet, adding extra convenience for residents. Each resident also enjoys a fully fenced private backyard! Currently generating $2,350/month in rent, tenants cover all utilities, including electricity, heat, water, sewer, and trash(separately metered). The property owner is only responsible for taxes ($2286) and property insurance ($1,022), making for a low overhead. With a conservative allocation of 5% for vacancy, maintenance, and capital expenditures, plus 10% for property management, this property delivers a solid CAP rate of 6.49% - an ideal opportunity for savvy investors looking to grow their portfolio with a reliable, income-generating asset. Don't miss out on this money maker!
Last checked:
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Last updated Apr 24, 2025
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MLS# 22031343 —
The Building
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Year Built:1994
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Ranch
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Levels:One
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Roof:Asphalt
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Basement:false
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Foundation Details:Block, Full
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Security Features:Smoke Alarm
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Direction Faces:North
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Green Certification:No
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Building Information:Storage
Interior
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Laundry Features:Connections All
Location
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Directions:GPS Friendly
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Latitude:39.546206
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Longitude:-86.373854
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:false
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Parcel Number:550524380004002008
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Acres:1/4-1/2 Acre
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Lot Features:Rural - Not Subdivision
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Lot Size Acres:0.28
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Lot Size SqFt:11,979 Sqft
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Price Per Acre:982143
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Zoning:Residential
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Property Condition:Updated/Remodeled
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Structure Type:Duplex
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View:false
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Waterfront:false
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Current Use:Residential
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Road Access:Access Rd,County Rd
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (317) 777-0750
- Office phone:
- (317) 255-7767
Taxes
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Tax Year:2024
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Tax Exemptions:None
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Semi Annual Property Tax Amt:1143
Heating & Cooling
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Heating:Electric, Forced Air, Heat Pump
Utilities
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Building Utilities:Sewer,Sump Pump,Water
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Solid Waste:No
Schools
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Middle Or Junior School:John R. Wooden Middle School
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High School District:MSD Martinsville Schools
The Community
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Subdivision Name:No Subdivision
Parking
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Parking:1 Car Space
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Parking Features:Carport, Gravel
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Carport Spaces:2
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/23/25
Apr 23, 2025
|
Sold | MIBOR | $275,000 | |
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4/8/25
Apr 8, 2025
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Pending | MIBOR | $275,000 | |
|
4/7/25
Apr 7, 2025
|
Listed / Active | MIBOR | $275,000 | 12.2% (6.3% / YR) |
