Description
Beautiful 4 plex with a separate detached ADU (accessory dwelling unit) that has 3br's 2baths--and the tenants pay their own utilities. With a 5% vacancy and $3000 allowed for yearly repairs, cap rate is 12%. Newer roof, siding, havacs, electrical, and plumbing. Rents guaranteed through Indy Health. Property sits 1000 feet from Christel Dehaan new development.
$635,000
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:
Description
Beautiful 4 plex with a separate detached ADU (accessory dwelling unit) that has 3br's 2baths--and the tenants pay their own utilities. With a 5% vacancy and $3000 allowed for yearly repairs, cap rate is 12%. Newer roof, siding, havacs, electrical, and plumbing. Rents guaranteed through Indy Health. Property sits 1000 feet from Christel Dehaan new development.
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