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Indianapolis, IN 462196102 Brookville Rd

Indianapolis, IN 46219, USA

List price

$285,000

$•••,•••

Multi-unit house

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Wholesale Deal !! – Turnkey 4-Unit Multifamily in Indianapolis �� $285K Assignment Price | 9.6% Cap Rate | Section 8 Cash Flow | ��️ Property Overview  Property Type: 4-Unit Multifamily  Unit Mix: o (1) Studio o (1) One-Bedroom Unit o (2) One-Bedroom Units (Duplex Style)  Year Built: 1936  Lot Size: 10,000 sq ft (corner lot)  Condition: Turnkey – Recently remodeled (new floors, updated plumbing)  Zoning: Multifamily  Original Seller Asking Price: $350,000  Assignment Price (Your Purchase Price): $285,000 �� Rental Income & Vacancy  2 of 4 units currently occupied by Section 8 tenants – stable, government-backed income  Estimated Market Rents (Full Occupancy): o Studio: $850 o 1-Bedroom: $1,200 o Two 1-Bed Units: $875 each  Gross Scheduled Rent: $3,800/month = $45,600/year  Vacancy Adjustment (5%): −$2,280/year  ✅ Adjusted Gross Income: $43,320/year �� Operating Expenses (Annual Estimates) ✅ Includes 10% professional management fee Category Amoun t Property Taxes $6,000 Insurance $1,500 Utilities (Owner Paid) $6,000 Maintenance Reserve $1,500 Total Operating Expenses $18,000 �� Financial Summary (Based on $285K Buyer Price) Metric Value Adjusted Gross Income $43,320 Operating Expenses $18,000 Net Operating Income (NOI) $25,320 Cap Rate (at $285K) 9.6% �� Investment Highlights  ✅ Turnkey 4-plex in cash-flowing Indianapolis submarket  ✅ Section 8 tenants in place = guaranteed income stream  ✅ Vacancy (5%) + Management (10%) already factored in  ✅ Strong 9.6% cap rate based on conservative projections  ✅ Substantial discount from original $350K seller asking price Presented By: Dwelling 320 Ventures LLC Jeff Paul �� 678-458-4013 – Contact me directly if interested and/or if you want any additional information.

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