Interested in getting into the multifamily space in the hot cash-flow market of Indianapolis? SAY NO MORE! See below for an ultra-unique property sure to bolster your portfolio income for decades!
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Joint Ventures - Construction Management - Private Lending - Property Management
The #1 Source for OFF MARKET & DEEPLY DISCOUNTED
Indianapolis Investment Properties
VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE |
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1254 & 1256 W. 23rd Street
Indianapolis, IN 46208
$299,900 |
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UNIT MIX:
(8) 2BR/1BA units
BEDROOMS: 2
BATHROOMS: 1
SQUARE FOOTAGE: 835
YEAR BUILT: 1957 |
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Take your buy and hold portfolio to the NEXT LEVEL! An incredible opportunity to own a mid-sized, garden style apartment community with plenty of room for rent growth and extreme cash flow! As it sits, the right buyer can have a 16% CAP Rate and ~29% Cash on Cash return! WHAT AN AMAZING VALUE!
This apartment building will not need any immediate work, as it is currently 83% occupied (10/12 units occupied). With all utilities paid by the tenants, and electricity being separately metered per unit, expenses are saved by the owner, and passed on to tenants, increasing your return! By leasing the additional two units, the NOI will be bolstered by a dramatic amount, pushing levered return to over 30%. Cash flow over $3,000/month with this GREAT opportunity for the savvy buy and hold investor!
This one WILL NOT LAST LONG, contact us TODAY! |
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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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WE OFFER FINANCING ON ALL OF OUR PROPERTIES. |
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