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Updated over 8 years ago,

User Stats

477
Posts
304
Votes
Lee Smith
  • Residential Real Estate Broker
  • Indianapolis, IN
304
Votes |
477
Posts

Indianapolis Seller Financed NON-RECOURSE 2 duplexes same lot

Lee Smith
  • Residential Real Estate Broker
  • Indianapolis, IN
Posted

Two all brick duplexes, on quiet cul de sac lot. Room for a 3rd or 4th duplex to also be added. All of the units have been updated. We can handle the property management if you need it. 

Seller financing available: I will do a non-recourse loan with your IRA/ESA/HSA/401k. $45,000 down, 10% fixed over 20 years. $150,000 purchase price.


$2000+ gross rents per month.
$2,253 p/year in taxes
I currently pay $1165.60 a year for insurance(2 buildings). Probably could do better, but I like my agent.

Residents pay ALL utilities(4 separate water/gas/electric meters)


Updates Include:

3 of 4 have new furnaces.
2404 has new condenser for central air(This is the only unit with central air).
Hardwoods refinished in all 4 units
Both duplexes have new roofs in past 2 years.

Each unit has:
Washer Drier Hookups
Hardwood Floors throughout.
Linoleum or tile in kitchen and baths.

Videos of a unit:

2410 N Lesley https://youtu.be/Bv73CNYvGrM Advertisement for one unit(includes exterior pictures):
http://leesmithrealty.com/property/2410-n-lesley-i...


Rent Rolls available upon request!

NOTE: Because this is two duplexes on the same lot, you will need to find a special lender if you intend to leverage it. I am told not hard to find, but have not done the research. I am told you can also split the lot up pretty easily for probably under $1000. Also, insurance will be on two separate buildings(think two duplexes, not one 4 unit).

Offering

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