$37,000 INDIANAPOLIS. Renovated And Tenanted 3 Bed Home. 16.51% Net Yield.

  • Price: 37000.00 $
  • Bedrooms: 3
  • Bathrooms: 1

1946 N Riley, Indianapolis, IN 46218 is a renovated 3 bed home located in the popular Near Eastside district.  

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 1955, the property measures 900 square feet on 6,229 square feet. This home is truly a hidden gem! It sets back off
the street and is surrounded by a lot of trees and even a small stream/creek. Great 3 bedroom, 1 bath with vaulted ceilings. Has 2 drive ways and 2 mini barn/sheds outback.

Please note that the photographs shown were taken in 2013 prior to refurbishment works. As part of the purchase process, a Home Inspection Report will be provided containing numerous current photos.

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: $37,000
Fixed closing costs: $2,500 (Including Inspection Report)
Total Outlay: $39,500

Rent: $8,388

Taxes: $906
Insurance: $360
Management: $600
Total Outgoings: $1,866

NET income: $6,522

NET yield: 16.51%

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

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