SOLD. $53,000 INDIANAPOLIS, Recommended. Great Tenanted Duplex. 19% Net Yield

  • Price: 53000.00 $
  • Bedrooms: 6
  • Bathrooms: 2
  • Size (M2): 109

SOLD.  Ref: CZIN47   Seriously!!!!!!!!!!!  The seller has just reduced this money machine to an unbelievable price. This is a great buy. Refurbished and tenanted already.

This well proportioned side by side duplex was built in 1935 and is located in a popular district just to the south of Brookside Park and enjoys easy access to a number of schools/colleges, shopping centers and recreational facilities. Zillow predicts prices in the area will increase by 3.7% in the next 12 months.

It totals 1,176 square feet on a lot of 2,552 square feet and benefits from a basement.

This property is priced to sell now so please contact us as soon as possible for additional information.

Reserve this now and start collecting income from day one!

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:  $53,000

 

Fixed Closing Costs:         $2,500

 

TOTAL OUTLAY:  $55,500

 

RENTAL INCOME:  $14,400

 

OUTGOINGS:

 

Property Taxes:       $1,600

 

Water:             $600

 

Insurance:        $720

 

Management:    $960

 

TOTAL OUTGOINGS:  $3,880

 

NET INCOME:     $10,520

 

THE NET YIELD IS THEREFORE A FANTASTIC 19%

 

Please contact us for further information or to reserve this property.

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