$$$$ 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.
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
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Other Income |
-
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Vacancy Loss |
-
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Effective Gross Income |
$161,269
![]() |
Taxes |
$43,588
![]() |
Operating Expenses |
$3,879
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Total Expenses |
$47,468
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Net Operating Income |
$113,801
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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 | - |
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