RESERVED ALREADY. $350,000. INDIANAPOLIS, Superb Block Of 10 Tenanted Apartments. 17% Net Yield.
- Price: 350000.00 $
- Bedrooms: 10
- Bathrooms: 10
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!
Purchase Price: $350,000
Closing Costs: $15,000 (Estimated)
Agency Fee: $5,000
TOTAL OUTLAY: $370,000
RENTAL INCOME: $90,000
Property Taxes: $3,170
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.