Beautiful 8 Unit Indianapolis Apartment

Located across the street from the historic Garfield Park

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







                                                                                                 

This turn-key duplex is a real cash-cow

                       20% ROI!

Check out the cash-flow on this fully rehabbed duplex. Fully rented and cash-flowing over $800/mth! Needs nothing--you'll be cashing those rent checks the first month. Our duplexes don't last long so if you like what you see, don't wait or it will be gone.Check out the kitchen on this one.

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1630-1632 Tabor St, Indianapolis
       Asking price   $47,000

                                                                                                   

This Weeks Best of the Best

Get over $500 cash-flow from day one!

Asking price: $46,500

Rented for $850

Netting $520 per month cash flow

13% ROI

Tenant on 1 year lease
2102 N. Medford , Indianapolis
Located in Wayne township
                                                                                      

Renovation includes:

New Pex plumbing, new electrical & electrical panel, new gas furnace, new electric water heater, new double hung vinyl windows, new exterior doors & door hardware, new overhead garage door, new flooring throughout, all new outlets and all new light fixtures and more!

Also comes with matching new stove and refrigerator.

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Why does a born and bred Californian like Indianapolis for real estate investment?

That’s the question that I am always asked. After all, aren’t we supposed to invest in our own backyards?

My answer is very simple—Cash flow and ROI.

Indy is consistently ranked one of the most affordable real estate markets in the U.S. You can buy 2 or 3 properties in Indianapolis for what you’d  pay for just 1 property in the most affordable California market. And that means higher ROI’s. ROI’s of 12-14% are very typical and can be much higher depending on the area of town.

Plus, the cash flow is great-- ranging between $400-$500 per month on single family homes-- after ALL expenses.

But Indianapolis offers more than just high returns. It’s also one of the safest markets for investment. In fact, Local Market Monitor, Inc. rates Indy as one of the top 3 safest markets for real estate investors according to the Wall Street Journal. Read the article here:

http://online.wsj.com/article/SB10001424052748703791804575439871207245044.html

So with  numbers like these, it’s clear why this Californian loves Indianapolis. I’ll still take our weather though!