FS Houses Indianapolis Turnkey Deal!

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FS Houses Indianapolis Turnkey Deal!

Ryan Mullin
Real Estate Broker · Indianapolis, IN · Member since 2009 · 575 posts · 496 votes

Yep, we actually have an available deal :)   Act fast! 

Purchase price is $39k...   *Rent = $600   (Market rent is 650 ish..  Zillow says $738 ) 

2 Bed 1.5 bath  ~1500 Sq Ft.   Tax Assessed Value =  $67,100

Click here for before and after photos! <<<  Check out the rehab!  

Click here for investment projections! <<<  Just estimates.  

*We keep rent low and only except tenants who are over-qualified for the property. 

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
11y

ryan just need to paint the picket fence white and you have a classic americana

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    ryan just need to paint the picket fence white and you have a classic americana

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  • Ryan Mullin
    OP
    Real Estate Broker · Indianapolis, IN · Member since 2009 · 575 posts · 496 votes
    11y

    @Jay Hinrichs  Unfortunately its to cold to paint outdoors right now.  Holding up quite a few projects of ours...   

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    Yes we are trying to pave end the week ... I have a 27 lot subdivision just about done.  keepings fingers crossed it does not rain

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  • David Begley
    Investor · Atlanta, GA · Member since 2014 · 415 posts · 299 votes
    11y

    @Ryan Mullin  If a Turnkey, I assume you already have a tenant/lease and property management company already in place.  Please confirm.  (I sure wish there were deals like this in Atlanta!) 

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  • Ryan Mullin
    OP
    Real Estate Broker · Indianapolis, IN · Member since 2009 · 575 posts · 496 votes
    11y

    @David Begley  We just finished up construction mid last week...   we have 21 applications on it since then through our website.   We haven't signed a lease on it yet but I'm sure that will change in the next few days.   

    Yes we have in house property management.  @Ashley Mullin  runs pm and can answer any questions you might have in that regard!  

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  • Don Harris
    Realtor · Charlotte, NC · Member since 2014 · 935 posts · 467 votes
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    @Ryan Mullin nice improvement to the neighborhood!

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  • Ryan Mullin
    OP
    Real Estate Broker · Indianapolis, IN · Member since 2009 · 575 posts · 496 votes
    11y

    @Don Harris  Thank you!   I appreciate that.  

    When our contractor got done filling in the pool the neighbor lady came over and gave him a hug.  She was almost in tears...   they had serious mosquito issues for years.  

    I love making the neighboring home owners happy.  

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  • Brie SchmidtBusiness Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
    11y

    Looks like a great house. Comgrats!

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  • Stephen Barton
    Real Estate Consultant · Indianapolis, IN · Member since 2014 · 322 posts · 238 votes
    11y

    I really like what you guys are doing @Ryan Mullin and @Ashley Mullin! You guys are really making some big moves in our great city and it is awesome to watch you grow. I hope to partner up with you guys someday!:) You know, "If you can't beat, join em" ha ha!

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  • Ashley Mullin
    Property Manager · Indianapolis, IN · Member since 2014 · 80 posts · 29 votes
    11y

    Awe thanks @Stephen Barton This property actually sold to a home owner with an FHA loan!!! Looking forward to watching you and your wife purchase your first buy and hold :)

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