$$$$ 4-Property Portfolio Downtown Indy 4 Multifamily Properties Offered at $2,081,190 CAD in Indianapolis, IN

EXECUTIVE SUMMARY

Exceptional opportunity to acquire a fully leased 4-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.
2 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 (CAD)
Gross Rental Income $161,269
Other Income -
Vacancy Loss -
Effective Gross Income $161,269
Taxes $43,588
Operating Expenses $3,879
Total Expenses $47,468
Net Operating Income $113,801

PROPERTY FACTS

Price $2,081,190 CAD
Price / SF $257.35 CAD / SF
Sale Condition Bulk/Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 8,087 SF
Total Land Area 0.27 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
621 W 10th St, Indianapolis, IN 46202 Multifamily 1,572 SF 2018 -
609 W 10th St, Indianapolis, IN 46202 Multifamily 1,468 SF 1960 -
950 N California St, Indianapolis, IN 46202 Multifamily 2,971 SF 2018 -
952 N California St, Indianapolis, IN 46202 Multifamily 2,076 SF 2018 -
Show More > < Show Less
  • Listing ID: 33332043

  • Date on Market: 2024-09-27

  • Last Updated:

  • Address: $$$$ 4-Property Portfolio Downtown Indy, Indianapolis, IN