Description
Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.
-
0BEDS
-
0.29ACRES
-
0BATHS
-
01/2 BATHS
Description
Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.
© 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.