TURNKEY Indianapolis 12-Unit! Incredible Return, ONLY $299,900!

HavePropertiesCommercialMultiFamily - Small Apartment
Classifieds

TURNKEY Indianapolis 12-Unit! Incredible Return, ONLY $299,900!

Indianapolis, IN · Member since 2013 · 549 posts · 310 votes

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!

______________________

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
1254 & 1256 W. 23rd Street
Indianapolis, IN 46208

$299,900
CLICK FOR PICTURES


UNIT MIX:
(8) 2BR/1BA units

BEDROOMS
: 2
BATHROOMS: 1
SQUARE FOOTAGE: 835
YEAR BUILT: 1957


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!

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.

WE OFFER FINANCING ON ALL OF OUR PROPERTIES.
CLICK FOR GUARANTEED FINANCING
QUESTIONS OR OFFERS?


Clay Manship

317-828-4972


[email protected]
1Reply
7 views

9 Replies

Jump to latestLatest
  • Investor · Tustin, CA · Member since 2017 · 15 posts · 0 votes
    9y

    hello I am really interested in this deal. Pls call me at (415) 697-7168 

  • Realtor · Gilbert, AZ · Member since 2013 · 32 posts · 4 votes
    9y

    Clay

    Please send me the info to  [email protected]

  • Rental Property Investor · Honolulu, HI · Member since 2017 · 13 posts · 5 votes
    9y

    Hi, Is this still available?  I'm very much interested.  Would greatly appreciate if it you can send me more details and pictures of the property.  My email is [email protected].

    Thank you,

    Jackie

  • Investor · Highland, CA · Member since 2017 · 28 posts · 15 votes
    9y
    Is the deal still available?
  • Rental Property Investor · Santa Clara, CA · Member since 2017 · 96 posts · 7 votes
    9y

    @Clay Manship

    please send me the details if it is still available or other multifamily

  • Wanaque, NJ · Member since 2017 · 76 posts · 3 votes
    9y

    Hello Clay.Please send details & Pics to My Email: [email protected].

    Also Is Seller Financing An Option? Look Forward To Doing Business Together!!

    201-446-7991

  • Entrepreneur/Online Marketing · Forked River, NJ · Member since 2015 · 28 posts · 1 vote
    9y

    Hey Clay, can you please email me more info on this property? [email protected]

    thanks

  • Multifamily Investor and Syndicator · Lake Ronkonkoma, NY · Member since 2017 · 139 posts · 8 votes
    9y

    Hello,

    Is this still available, I would love to talk about this opportunity.

    Can you please call 631  428 6479

    Thank you

    Prashant.

  • Investor · Yorktown Heights, NY · Member since 2015 · 26 posts · 2 votes
    9y

    Hello ,

    Is this property still available? If so , provide contact info so that we may discuss financing. 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.