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$$$$ 3-Property Portfolio Downtown Indy 3 Multifamily Properties Offered at $1,300,000 in Indianapolis, IN
Executive Summary
Exceptional opportunity to acquire a fully leased 3-property portfolio, ideally located within walking distance to IUPUI and minutes from downtown Indianapolis. This portfolio includes two newly constructed townhomes (built in 2018) and two fully rehabbed single-story homes, all of which are under lease, providing immediate and steady cash flow.
Property Highlights:
2 Townhomes:
Year Built: 2018
Modern design and construction, minimal maintenance required.
Attractive to students, faculty, and young professionals.
1 Single-Story Homes:
Recently 100% rehabbed, including all major systems (HVAC, plumbing, electrical).
Charm of single-story living with modern conveniences.
Financials:
100% leased: Immediate rental income from existing tenants.
Strong rental demand due to proximity to IUPUI, downtown employers, and local amenities.
Location Benefits:
Walking distance to IUPUI: Ideal for student and faculty tenants.
Close to hospitals, dining, entertainment, and Indianapolis business hubs.
High walkability and easy access to public transportation, making it appealing for long-term occupancy.
Investment Appeal:
Turnkey opportunity for investors seeking strong returns in a high-demand rental market.
High-quality properties with no immediate need for capital expenditure.
Potential for long-term appreciation due to growth in the downtown Indianapolis area.
Property Highlights:
2 Townhomes:
Year Built: 2018
Modern design and construction, minimal maintenance required.
Attractive to students, faculty, and young professionals.
1 Single-Story Homes:
Recently 100% rehabbed, including all major systems (HVAC, plumbing, electrical).
Charm of single-story living with modern conveniences.
Financials:
100% leased: Immediate rental income from existing tenants.
Strong rental demand due to proximity to IUPUI, downtown employers, and local amenities.
Location Benefits:
Walking distance to IUPUI: Ideal for student and faculty tenants.
Close to hospitals, dining, entertainment, and Indianapolis business hubs.
High walkability and easy access to public transportation, making it appealing for long-term occupancy.
Investment Appeal:
Turnkey opportunity for investors seeking strong returns in a high-demand rental market.
High-quality properties with no immediate need for capital expenditure.
Potential for long-term appreciation due to growth in the downtown Indianapolis area.
Taxes & Operating Expenses (Actual - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$116,400
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$116,400
|
| Taxes |
$31,461
|
| Operating Expenses |
$2,800
|
| Total Expenses |
$34,261
|
| Net Operating Income |
$82,139
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $116,400 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,400 |
| Taxes | |
|---|---|
| Annual | $31,461 |
| Operating Expenses | |
|---|---|
| Annual | $2,800 |
| Total Expenses | |
|---|---|
| Annual | $34,261 |
| Net Operating Income | |
|---|---|
| Annual | $82,139 |
Property Facts
| Price | $1,300,000 | Number of Properties | 3 |
| Price / SF | $199.54 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 6,515 SF |
| Status | Active | Total Land Area | 0.20 AC |
| Price | $1,300,000 |
| Price / SF | $199.54 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 6,515 SF |
| Total Land Area | 0.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 950 N California St, Indianapolis, IN 46202 | Multifamily | 2,971 SF | 2018 | - |
| 952 N California St, Indianapolis, IN 46202 | Multifamily | 2,076 SF | 2018 | - |
| 609 W 10th St, Indianapolis, IN 46202 | Multifamily | 1,468 SF | 1960 | - |
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$$$$ 3-Property Portfolio Downtown Indy
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