15 Unit Package - Rehabbed, Rented, 15% NET ROI

[Jack Gibson]

15 Unit Package in Indianapolis, IN - must be sold in a package.  If you are interested in a smaller package similar to this, I can put that together based on your goals.  Properties are all rehabbed within the last 12 months, and I have not seen a single repair bill in 2016.   Excellent property management is in place, I have not received a phone call yet this year, either.   My motivation to sell the package is simply to start another rehab project on a new set of properties.  

Here are the numbers:

Sales Price:  $450,000 (Appraisal completed 3 mos. ago and I can send upon request)

Rents:  $7950/mo./$95,400 (14/15 units rented and leased)

PM 10%: 9,540

Taxes:  $5207

Insurance: $4804

Maintenance 5%: $4770

Vacancy 5%: already factored in, 1 unit is vacant. If you'd like to be more conservative, subtract another $5,000 off and your ROI is still 14.7%.

Net Cash Flow: $71,079 Cash on Cash ROI: 15.8%

Very detailed appraisal complete with exterior and interior pics, leases, multiple comps, income approach capitalization, and ACH rent disbursement statements - pretty much everything you would need to make an informed decision.  

Message me on BP or call me:  269-369-9654

thanks!

Jack Gibson