Off-Market Archive

No longer actively listed

Off market since July 21, 2026. Photos, details, and location data are preserved for neighborhood research and comparable analysis.

Last listed

$285,000.00

Off-Market

6102 Brookville Rd

Indianapolis, IN 46219, USA

List price

$285,000

Multi-unit house

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Story

Wholesale Deal !! – Turnkey 4-Unit Multifamily in Indianapolis οΏ½οΏ½ $285K Assignment Price | 9.6% Cap Rate | Section 8 Cash Flow | ��️ Property Overview ο‚· Property Type: 4-Unit Multifamily ο‚· Unit Mix: o (1) Studio o (1) One-Bedroom Unit o (2) One-Bedroom Units (Duplex Style) ο‚· Year Built: 1936 ο‚· Lot Size: 10,000 sq ft (corner lot) ο‚· Condition: Turnkey – Recently remodeled (new floors, updated plumbing) ο‚· Zoning: Multifamily ο‚· Original Seller Asking Price: $350,000 ο‚· Assignment Price (Your Purchase Price): $285,000 οΏ½οΏ½ Rental Income & Vacancy ο‚· 2 of 4 units currently occupied by Section 8 tenants – stable, government-backed income ο‚· Estimated Market Rents (Full Occupancy): o Studio: $850 o 1-Bedroom: $1,200 o Two 1-Bed Units: $875 each ο‚· Gross Scheduled Rent: $3,800/month = $45,600/year ο‚· Vacancy Adjustment (5%): βˆ’$2,280/year ο‚· βœ… Adjusted Gross Income: $43,320/year οΏ½οΏ½ Operating Expenses (Annual Estimates) βœ… 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 οΏ½οΏ½ 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% οΏ½οΏ½ Investment Highlights ο‚· βœ… Turnkey 4-plex in cash-flowing Indianapolis submarket ο‚· βœ… Section 8 tenants in place = guaranteed income stream ο‚· βœ… Vacancy (5%) + Management (10%) already factored in ο‚· βœ… Strong 9.6% cap rate based on conservative projections ο‚· βœ… Substantial discount from original $350K seller asking price Presented By: Dwelling 320 Ventures LLC Jeff Paul οΏ½οΏ½ 678-458-4013 – Contact me directly if interested and/or if you want any additional information.

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Property type

Multi-unit house

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Reason for sale

Other

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