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Archived almost 6 years ago

$37,000

4 bd 3 ba 1968 sqft

1530-32 S Belmont Ave, Indianapolis, IN 46221

Residential Duplex Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $0
  • Bedroom: 2 bd
  • Bathroom: 1½ ba
  • Square Footage: 984 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $0
  • Bedroom: 2 bd
  • Bathroom: 1½ ba
  • Square Footage: 984 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes

BRRR Off-market Indy Duplex $37k

$37,000
**REDUCED! FOR QUICK SALE**

**VACANT OFF-MARKET DUPLEX**
1530-1532 S Belmont Ave Indianapolis 46221 (off Minnesota)

1) CASH ONLY
2) PROOF OF CASH FUNDS PRIOR TO SHOWING
3) NO FINANCING
4) NO LAND CONTRACT
5) AS-IS
6) NO BUYER'S FEE
7) TITLE WORK PREPPED; CLOSE WITHIN 14 DAYS
8) BUYER PAYS CLOSING COSTS (approx. $1,000)
9) SELLER WILL PROVIDE PRORATED TAX CREDIT AT CLOSING
10) NO WHOLESALING/NOT ASSIGNABLE

# Units: 2
Bedrooms/Unit: 2
Baths/Unit: 1.5
Built: 1910
Sq Ft/Unit: 984
Garage: No
Annual taxes $1752
Est. Rents $625-650/side
Est. Rehab $15-17k
Est. ARV $70-75k

General Condition:
Needs mechanicals and updates throughout both units. Roof patched . Plumbing was winterized and has not been turned back on due to faulty line in basement (on one side). Repairs estimated $15-17k. Do your own Due Diligence. No utilities will be turned on for walkthrough/inspection; however, electric currently on in one unit. Seller's Disclosures will be provided.

for video: https://drive.google.com/open?id=1IOFoVIN8NGcRAOaH2Ma2SM6vruQVn-KX

CONTACT US FOR ACCESS AND OFFERS!
Christine Caturano (REALTOR)
CALL or TEXT 917-455-5667
email [email protected]

Location:

1530-32 S Belmont Ave, Indianapolis, IN 46221

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.