This excellent opportunity is a total cash cow for the right investor. Would make a fantastic short term rental, and long-term flip! Also, will yield over 16% cap rate with a Section 8 tenant at $800/month! SEE BELOW:
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3542 Graceland Avenue Indianapolis, IN 46208
$29,900 | |
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BEDROOMS: 4 BATHROOMS: 1 SQUARE FOOTAGE: 1,114 YEAR BUILT: 1959 | |
With tons of appreciation in the area, and located within walking distance to the famous Indianapolis Children's Museum, this could be an absolute CASH COWwith almost no immediate rehab needed! Property is currently occupied by a month to month tenant paying $500/month, but when used as a Section 8 rental, this home could easily be rented for $800 OR MORE per month!
Home does not need any immediate repairs, but in order to attract and keep a longer term tenant, some minor cosmetic items such as paint and fixtures would make the home shine. Own this asset today that will provide a long-term income stream for decades to come!
Looking for acquisition financing on this great asset? CONTACT US TODAY! | |
THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. | |
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