New Rehab Project, Near Monon16 Development Project Indianapolis

[Bob Hinrichs]

Hey there,

I want to tell you about a new deal, but first, have you heard about the Monon16 Project and the IndyEast Promise Zone?

Whether you have or haven't, this is some really important information to understand. These two redevelopment efforts will make lasting changes in the near north side of Indianapolis. As investors, it's in our best interest to know the direction the city is moving so we can best plan how to invest.

The Monon16 project is a development effort targeting the intersection of 16th Street and the Monon Trail and the surrounding neighborhood. In October, Indianapolis announced it will invest $4.5 million into the project. Two prominent builders, David Weekly Homes and ReDevelopment Group Inc, have made plans to build 60 new homes in the area in the coming years. Take a look at these:

Indy Star Article from October 12th

About Monon16

This area is also part of the IndyEast Promise Zone, which is supported by federal grants. If you'd like some light reading on the topic, just email me and I'll send you a few articles!


Well, we've got a deal that's located next to Monon16 and is part of the IndyEast Promise Zone!

This deal is at 1616 N Arsenal, within walking distance of the Monon Trail and near much of the proposed development. A property 1 block south is currently listed for $320,000. This is about to be one of the hottest areas in Indy!

The property could fit in a variety of exit strategies. You could flip this property and make your money quickly or you could hold it as a rental property as the area continues to appreciate and redevelop. I've included details and pictures below. If this is going to be a good fit for you, please email me right away so we can get it reserved for you!

Click Here For More Pictures!

Access: To gain access instructions for the property, please call or text Bob at 763-258-6248.

How to Buy: This is a wholesale investment property. If you are interested in the property, please contact Bob for instructions on the next steps. A $2,000 non-refundable EMD and signed paperwork secure the investment. This will be sold on a first come, first serve basis to the best offer.

Brokers: You are welcome to add whatever fee you'd like on top of our price if you have a cash buyer that is interested and able to close.

Note: This investment is under contract with me directly. Any purchaser must plan to close on the opportunity and not assign it. If you have someone in mind for this investment, I will pay a $1,000 referral fee upon closing!

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $2,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property