Address: 42 N. Gray St. Indianapolis, IN 46201, USA
$22,000: 4 bedrooms, 4 bathrooms in Indianapolis
Triplex for sale by owner in Indianapolis, IN 46201. This is a money maker for anyone who can rehab. My estimates range from 15K to 19K for complete rehab inside and out. Same type of finished property in the area sells for 60K to 80K according to my Indianapolis realtor. Is close to downtown and college. Easy rent area. This meets the 50-2 Rule even with rents below market! Low Cap Rate is 22% and goes over 30% depending on rent figures. Built in 1939, remodeled in 60 s and I got it after contr... See site for full property details.
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Address: 42 N. Gray St., Indianapolis, IN 46201, USA