501 S Race St

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501 S Race St

Princeton, IN 47670
Asking Price
$250K
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property for sale in Princeton, Indiana
  • Asset includes two total rental units
  • Priced at two hundred fifty thousand dollars total
  • Individual unit valuation equals one hundred twenty-five thousand dollars
  • Located within the established Gibson County residential market

What's Special

Priced at $250,000, this multifamily property at 501 S Race St in Princeton, Indiana, provides a straightforward investment play. The site features two individual units, resulting in a per-unit valuation of $125,000. Princeton serves as a resilient community within the broader regional economy, benefiting from its strategic location in Southwestern Indiana where manufacturing and logistics sectors remain key drivers of local stability. Investors looking for manageable residential assets will find this configuration suitable for long-term rental income. The property's proximity to central regional transit corridors supports consistent tenant demand from the area's workforce. With two distinct units, the asset is well-positioned for straightforward property management and efficient occupancy tracking. This offering represents a viable addition to a residential portfolio in a growing regional market.

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NOI
$80,000
Cap Rate
32.00%
DSCR
5.39
Strong
Cash-on-Cash
86.88%
Monthly Payment
$1,236.864
Annual Cash Flow
$65,157.637

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