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Located across the street from the historic Garfield Park
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This beautiful, brick apartment has been meticulously renovated, preserving it's historic art deco style. Large 1 bedroom/1bath each unit. All 8 bathrooms have been upgraded with ceramic tile. new tubs/showers/vanity and toilets. All windows have brand new storm windows. Each unit rents for $500.
Total cash flow after all expenses is about $2100 per month. Currently under professional property management.
2525 Shelby St, Indianapolis
Asking Price $220,000
Total rent $4000/mth
Operating expenses $1492
Cash flow $2108
Cash-on Cash 11.5%
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E mail me for more information at m.darrigo@sbcglobal.net
