3/2 Duplex FULLY REMODELED in nice area 15% ROI

[Jim Bleier]

This duplex is near down town Indianapolis close to Butler U, $2 Billion Eskenazi Hospital, IUPUI, Worlds largest children's museum, and tons more. Nice developing area. Appraised for $196k but buyer lost his financing. All new siding, flooring, kitchens.... Everything on or in this home is new. Homes within 2 blocks have sold for over $300k and at this price you have only $87k invested per unit. 

[Austin Tam]

Originally posted by @Angus Yang:

Hey Jim, 

Could you send more info? [email protected]

Is it actually rented at 2k a side or is that proforma?

Neither.  

-There's an active rental listing for the property for $1100.  It was listed 30 days ago and started at $1200.  

-87k invested per unit would be a PP of 174k, not 180k. 

-In the past six months, one house within two blocks was sold for over 300k and it was a 4bd 4ba 6k sqft mansion.

-According to the rental listing, the units have 1.5 bathrooms, not 2.