INDY FULL BRICK 4PLEX IN LAWRENCE TOWNSHIP $179900 100% OCCUPANCY

[Charlene Gaard]

All 4 units are currently rented. Unit 2 is the newest tenant and pays $600 per month. The other units all have long term tenants who are paying $525/month.   Other buildings on the same street are getting $600-$725 per unit for rent.  Property taxes are $1607 per year. Insurance runs $893 per year. The owner currenty self manages since he is local but if you hired a property manager it would run approx. 10% per month. 

$2175 per month income x 12 = $$26,100 gross operating income. 

$1607 taxes + 893 insurance  + $2610 property management fees = $5110 expenses

$20,990 Net operating income 11.7% CAP rate

 Here is a link to the photos for the property:

https://indyrephotoinc.box.com/s/0gzj1tc2k2p0o63zu...

If you have questiosn please either post them here or email me at [email protected]