🔥💰NEWLY REDUCED: PRIME LOCATION WITH 'EXIT’ STRATEGY CHOICES & ARV OF AT LEAST $415K!!!🔥💰

Marion County, Indianapolis, IN, 46203 view full address
For Sale
Listed at: July 26th, 2023
Price
$205,000
Sq. Footage
2504
Type
Multifamily
Parking
Attached Garage
Year build
1903
Lot size
7000.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

prime location: fountain square!!!

‘RENT READY’ PLUS 2 GARAGES CLOSE TO FOUNTAIN SQUARE

** Assignment of Contract**

  • Additional Corner Lot
  • Some new windows
  • No Major Issues
  • 556 sqft garage & 720 sqft garage – each has own driveway

📽️VIEW THE SLIDE DECK HERE📽️


Multiple options available:

FIX’nFLIP – ARV is $415-$435k, depending what you do to the property.

BUT, why get paid only once when you can build generational wealth? 

  1. Long Term Rental (LTR)
  2. This could be rented after a deep clean and some superficial repairs.
  3. Or full rehab and LTR at a higher rate.
  4. Rent @ $875/side to $1300/side is achievable, depending on the final product.
  5. Subsidized or Group Housing Partnership Models:
  6. Rehab and install a Subsidized Housing, Sober Living or Beyond Living business model into the property and benefit from passive income, which is 30-50% above LTR tenants.
  7. $850-$1100/bed with 2 beds per room = up to $8,800 gross/month for the partnership.
  8. Short-Term Rental (STR) - Fountain Square is just a short 5-minute drive, and then it is on into downtown.
  9. Install a STR business and dramatically increase the value with configuration flexibility built into the property.
  10. Manage this actively OR completely passively - remember that the income depends on the level of professional property management – we can assist with the latter.

Remember, with the group housing and STR options, the operator takes care of the property maintenance.

This means that you never worry about clogged toilets in the middle of the night, and if the furnace breaks, the Home Warranty takes care of this quickly and efficiently to ensure minimal disruption to revenue streams.

📸VIEW ALL PHOTOS HERE📸


CALL FOR MORE INFO & TO SET UP A WALKTHROUGH TODAY!

☏ (317) 747-2175

** Assignment of Contract**

If you have any further questions or would like more information feel free to text me at 317-610-9834. Thanks for Your Time, Acquire JDF Jamie Franklin
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
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Jamie Franklin

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