$135,000
Ellsbury Group presents a prime opportunity to acquire a de-risked multi-family asset in the Richmond, IN market. The property provides a rare combination of maximum operational efficiency (100% occupancy with stable tenants) and recent capital investment (updates completed), resulting in exceptional, reliable cash flow. The purchase immediately transfers a fully active income stream, making it a truly "mailbox money" investment. Minimal operational disruption and strong in-place financials position this duplex as a superior passive income producer. Key Investment Features: Exceptional Cash Flow: The property is structured to deliver a large, positive cash flow from day one, offering a superior return on investment compared to many other available properties. Fully Occupied & Stable: Enjoy 100% occupancy with stabilized, reliable tenants. This eliminates the vacancy risk and immediate leasing costs typically associated with investment property acquisition. Recent Updates: Thoughtful recent updates have been completed throughout the property, minimizing immediate capital expenditures for the new owner and ensuring the units are attractive and well-maintained. Ideal Duplex Configuration: Featuring a desirable side-by-side duplex layout (believed to be 3 bedrooms and 1 bath per unit, this setup offers excellent tenant appeal and maximized rental potential.
GPS Friendly
| MLS # | 22072116 |
|---|---|
| Date Listed | 2025-11-04 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Duplex |
| New Construction | No |
| Type | Duplex |
| Year Taxes Payable | 2024 |
| Year Built | 1900 |
| Days on Market | 32 |
| Cooling | Window Unit(s) |
|---|
| Construction | Duplex |
|---|---|
| Lot Size | 4,008 sq ft |
| Acreage | 0.09 Acres |
| Fence | None |
| Area | Wayne |
|---|---|
| County | Wayne |
| Subdivision | No Subdivision |
| Township | Wayne |
| City | Richmond |
| State | IN |
| Zip | 47374 |
| School District | Richmond Community Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22072116
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Justin Lowe
Ellsbury Commerical Group
justin.lowe@ellsburygroup.com
Listing updated November 8, 2025 at 5:01 pm
Last checked 10 minutes ago