Seller Finance Great Cashflow High Return Managed Indianapolis IN

[Fernando Angelucci]

Hello BP Family!

I took two properties back deed in lieu on foreclosure. It is a package of two properties in Rushville, IN.

The first property is a fully rented 7-unit apartment building with professional management in place kicking out super high cashflow. $36,960 Annual Gross, $13,697 Annual Expense (37% Expense Ratio), $23,263 Net Operating Income.

The second property is a vacant 11,000 sqft brick 7-unit that needs renovation. $65K to get it rent ready. It is a brick **** house that I would use as a bomb shelter during the apocalypse. Old school house with massive limestone foundation and 18 foot ceilings on both the 1st and second floor.

Taxes will not be prorated but they are super cheap ~$2,500 for the fully rented property and ~$2,900 for the brick **** house.

Make an offer! Just want to get them off my books and I know I will already lose money on them. I am an investor and am super motivated. My all in cost on these is $214,540, but will accept less!

I have already done over $15,000 in repairs since I received the properties but here is a drop box link to the photos when I first bought them (I have already fixed all the items in the grey sided building and have done the initial interior demo on the brick **** house):

Brick **** House: https://www.dropbox.com/sh/ijbn76b83f7skbu/AABZLH3...

Fully Rented Sided Apt: https://www.dropbox.com/sh/w2l2dhk0vt39574/AAABkho...

Email or call me for the full financial analysis excel sheet on both properties!