$33,500 INDIANAPOLIS. Refurbished And Tenanted Section 8 Home. 16.32% Net Yield

  • Price: 33500.00 $
  • Bedrooms: 2/3
  • Bathrooms: 1

1717 N Riley, Indianapolis, IN 46218 is a 2/3 bedroom home located in the popular Near Eastside district which was recently upgraded.

The property is already let to section 8 tenants on a renewable 12 month lease to ensure an excellent income from day one.

Built in 1951, the property measures 728 square feet on a lot of 6,839 square feet. It comprises: 2 bedrooms, 1 bathroom, living room and kitchen. There is also a finished room in the basement which has been used as a third bedroom or recreation room. A further benefit is the detached garage. 

This property is priced to sell now and offers an excellent net yield.

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

KEY FIGURES:

Sale Price: $33,500
Fixed closing costs: $2,500 (Including Inspection Report)
Total Outlay: $36,000

Rent: $7,368

Taxes: $534
Insurance: $360
Management: $600
Total Outgoings: $1,494

NET income: $5,874
NET yield: 16.32%

Please complete the Enquiry Form to request further info or to reserve this property.

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