RESERVED ALREADY. $350,000. INDIANAPOLIS, Superb Block Of 10 Tenanted Apartments. 17% Net Yield.

  • Price: 350000.00 $
  • Bedrooms: 10
  • Bathrooms: 10

RESERVED ALREADY!

OFF-MARKET DEAL!

This is a great opportunity to acquire a quality block of 10 apartments located in the much sought after United Northwest Area neighborhood of the city of Indianapolis close to The Children's Museum of Indianapolis which is the world's largest children's museum. This is just minutes to the north of Downtown Indianapolis.

The block comprises 10 one bedroom apartments and the whole development has recently been refubished to a high standard. All of the units were let as soon as they became available to cash paying tenants.

Built in 1960, the block totals 8,456 square foot on a lot of 10,302 square foot.

Please conatct us for further details, numerous photos, etc.

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

 

KEY FIGURES:

 

Purchase Price:  $350,000

Closing Costs:  $15,000   (Estimated)

Agency Fee:         $5,000

 

TOTAL OUTLAY:    $370,000

 

RENTAL INCOME:  $90,000

 

OUTGOINGS:

 

Property Taxes:  $3,170

 

Insurance:        $3,000

 

Water:  $2,400

 

Management:    $9,000

 

Vacancy:         $3,000

 

Maintenance:      $6,000

 

TOTAL OUTGOINGS:  $26,570

 

NET INCOME:     $63,430

 

THE NET YIELD IS THEREFORE A FANTASTIC 17%

 

For further information or to reserve this property, please complete the enquiry form as soon as possible.

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