$926,000 Portfolio Of 16 Tenanted Properties In Indianapolis.

  • Price: 926000.00 $
  • Bedrooms: 16 properties
  • Bathrooms: 0

We are pleased to offer for sale a quality portfolio of 16 properties totalling 35 units in good B grade districts of Indianapolis primarily in the Fountain Square district which has seen a lot of inward investment in recent years.

The properties are offered for sale in good order and any deferred maintenance will be taken care of prior to the closing of the sale. The portfolio comprises 2 quadplexes, 2 triplexes, 9 duplexes and 3 single family homes.

There is 100% occupancy to ensure an excellent income from day one and the properties are well managed by a good local management company.

Please complete the Enquiry Form for full details, financial analysis, numerous photos, etc. We have Home Inspection Reports and copies of the leases for all the properties which are available on request.

 

KEY FINANCIALS:

Sales Price: $926,000

Closing Costs:   $37,000        (Estimated and based upon 4% of sales price)

Agency Fee:  $10,000

TOTAL OUTLAY:  $973,000

Gross Rental: $268,524

Expenses:    $96,259

NET INCOME: $172,265

This represents a net yield of 17.8% per annum before any maintenance costs.

Please contact us for full details, numerous photos of each property, etc.

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