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221 E Jackson Street, Sullivan, IN 47882

Sullivan
Local realty services provided by:CENTURY 21 Elite
221 E Jackson Street,Sullivan, IN 47882
$129,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tracey symon
Office: nexthome real estate connections
MLS#:109435
Source:IN_THAAR

Price summary

  • Price:$129,900

About this home

SOLID INVESTOR OPPORTUNITY! Cash-flowing duplex with 5.46% cap rate and VALUE-ADD potential to reach 8.63%! Both units currently rented: Unit 1 at $740/mo and Unit 2 at $725/mo generating $17,580 annual income. Positive $617/month NOI before mortgage. Well-maintained property with established tenants in place. Current owner pays water, sewer and lawn care. Property features solid fundamentals with moderate 58% expense ratio. Priced at $129,900 for immediate cash flow with built-in upside. Great portfolio addition or first investment property!

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Home facts

  • Year built:1915
  • Subdivision & Development:None
  • Listing ID #:109435
  • Added:1 day(s) ago
  • Updated:October 22, 2026 at 03:11 PM

Rooms and interior

  • Flooring:Carpet, Vinyl Floors
  • Kitchen Description:Countertops Laminate, Electric Range/Oven, Refrigerator, Vinyl Floors
  • Basement Description:Partial Basement, Unfinished

Heating and cooling

  • Cooling:Wall/Window Unit
  • Heating:Electric

Structure and exterior

  • Year built:1915
  • Construction Materials:Metal Siding
  • Exterior Features:Porch Covered, Porch Open
  • Foundation Description:Unfinished

Schools

  • High school:Sullivan
  • Middle school:Sullivan MS
  • Elementary school:Sullivan Elem

Finances and disclosures

  • Price:$129,900

Features and amenities

  • Amenities:Carpet, Ceiling Fan(s), Countertops - Laminate, Vinyl Floors

Parking

  • Parking description:Detached Garage, Paved Street, Rock Driveway
  • Garage spaces:2

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