4 Units Indianapolis - Seller Held Financing(SELF DIRECTED) Avail

[Lee Smith]

SELF DIRECTED FOLKS!!!! We will hold non-recourse note on this property.

This is TWO fully rehabbed duplexes on the same lot and fully rented.. This is as turnkey as it gets and has proven numbers. I have owned for the last 2+ years.

Buy it outright and reap immediate results for this cashflowing property. We can handle the property management for you?

Seller Financing Available(non-recourse for the Self Directed Folks): $40,500 down gets you $300+ cashflow after holding costs AND debt service. We will even handle property management for you! Depreciate the asset and even better for cashflow. 

See attachment for current cost breakdown.Two duplexes on the same lot.

FULLY Rented.. The last time we had a vacancy we had over 10 applicants.

These units all have:

Solid brick exteriors.

2 bedrooms 1 bathroom.

Washer drier hookups in each unit.

Hardwood floors throughout, recently refinished.

3 of 4 have new furnaces. One unit has new central air in last year. Rest have wall mounted window units, so easy to replace as needed.

New roofs last year.

New 6" seamless gutters in the past month.

On a quiet cul de sac in a nice neighborhood.

Tenants pay ALL utilities and have their own trash bins.

Our leases are 24 pages long. Include 3% annual rent increases. Make residents responsible for pests and rodents. Have lots of protections for our owners.

Here is a video of the most recent vacancy we had. This is the quality of all of the units.

Seller held note info: 30% down($40,500) 20 year term at 8% interest fixed. No prepayment penalty.

There's even room on the lot to add another 1-2 duplexes.