Indianapolis 5 Units
This portfolio is made up of 5 single family residential located in the northeast part of Indianapolis, Indiana. All of the properties in this package are in good rental condition with no work needed and fully leased.
With a metropolitan of just over 2 million people Indianapolis has become a hub for the tech community. GDP per capita is $53,441 with an average home price of $129,700, nearly 10% appreciation in the last year, and an average rent of $1,995 fr=or the metro area.
This investment has a NOI of $16,839.85 annually with a cap rate of 14% with market data supporting a 20% cap rate. There is property management lined up for buyers at an agrred upon fee of 8%. All units sold on warranty deed and ask about our lending partners!