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Turnkey & Rehab Properties for Passive Cashflow

Indianapolis, IN 46219
SOLD – 10 unit Apartment – 6262 Eastridge Dr, Indianapolis

SOLD – 10 unit Apartment – 6262 Eastridge Dr, Indianapolis $412,000

Incredible opportunity to own a solid brick apartment building at a reasonable price. Seriously…hardwood floors at this price? Property contains eight 2-bedroom units and two 1-bedroom units…and the biggest closets we’ve ever seen in apartments. All of this results in a low-maintenance, easy-to-rent cash machine.

See Proforma Below:

$412,000 Purchase Price
$75,000 Rent:($6,250/month)
18.2% GROSS RETURN

– $4,092 Insurance
– $3,984 Taxes
– $7,500 Management
– $6,948 Other owner expenses (trash, utilities, etc.)
=$52,476 NET ANNUAL CASH FLOW (12.74%)

– $11,256 Maintenance & Vacancy
= $41,220 ESTIMATED ANNUAL RETURN (10.0%)

$412,000

  • Property Type Apartment
  • Bedrooms 18
  • Bathrooms 10
  • Size 7,200 Sq Ft.
  • Garage Spaces
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Indy Discount Property
3715 Caroline Ave
Indianapolis, IN 46218

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