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Updated over 9 years ago on . Most recent reply

12 Unit Res Complx in Indy, excellent condition and cash flow!
Looking to sell a 12 unit complex we have taken and turned around...we put forth the effort of making this property rent ready (and are in the process of filling it with GOOD tenants now--as of this post we have 4 of 12 rented and showings are frequent). VERY low maintenance property. Roof less than 5 years old. Cinder block construction, vinyl flooring in all units (10 year life at the minimum) List price is $350,000, slab on grade (no basements to leak and worry about). Average rent is $525/unit (eleven 2 bed 1 bath units and one 1 bed 1 bath unit). Has ample parking out back. Each unit individually metered for electricity (all electric systems, furnace and hot water heaters in units). Remote surveillance system going up very soon (I live in Costa Rica so I like to see what's going on at my properties even though I'm not physically there--VERY handy).
We have an excellent property manager in place who is fair and honest (believe me, this is rare in Indy and I speak from painful experience). I also have a lender that will lend up to 65% of the purchase price if needed (commercial lending has been a bit tricky I've found). Excellent opportunity to own a commercial multifamily property that is in fantastic shape. Please message me with questions and comments!