Indianapolis QUAD(two duplexes on same lot) Lots of cashflow!

HavePropertiesResidentialFourplex
Classifieds

Indianapolis QUAD(two duplexes on same lot) Lots of cashflow!

Residential Real Estate Broker · Indianapolis, IN · Member since 2009 · 477 posts · 304 votes

2402-2412 N Lesley, Indianapolis, IN, 46218

Asking price 125k firm.

Two duplexes on same lot. Nice quiet cul de sac. Lots of updates over the past 3 years. These are pretty much bulletproof at this point. I have owned for 3+ years, and cashflows very nicely.  

Cashflow analysis for your review..

All 4 units rented.. We can handle the property management for you if you like.

These units all have:

Solid brick exteriors.

2 bedrooms 1 bathroom(774 sq feet each).

Washer drier hookups in each unit.

Hardwood floors throughout, recently refinished.

3 of 4 have new furnaces. One unit has new central air in last year. Rest have wall mounted window units, so easy to replace as needed.

New roofs last year.

New 6" seamless gutters in the past year.

On a quiet cul de sac in a decent neighborhood.

Tenants pay ALL utilities and have their own trash bins.

Videos for the different units are here: Note: 2404 video is older(2015) and has lower resolution video, but you should get the idea.

2404 tenant is signing another lease for 3rd year. She has been there 2 years already.

0Reply
5 views

Investor-friendly agents in Indianapolis, IN

See the agents BiggerPockets members work with in Indianapolis, IN.

5 Replies

Jump to latestLatest
  • Real Estate Coach · Hampstead, NC · Member since 2016 · 93 posts · 39 votes
    9y
    Lee Smith Do you still have this? Could you PM me the financial info/records?
  • Real Estate Coach · Hampstead, NC · Member since 2016 · 93 posts · 39 votes
    9y
    Lee Smith sorry...just saw the link. I scrolled past it before. I'll be in touch -
  • Real Estate Investor · Dublin, CA · Member since 2016 · 31 posts · 2 votes
    9y

    @Lee Smith I'm very much interested in the property. I'd love to get in touch with you. Please email me at [email protected] so we can discuss. If you provide your phone number I can call you.

  • Residential Real Estate Broker · Indianapolis, IN · Member since 2009 · 477 posts · 304 votes
    9y

    @Nellian Solaiappan my phone number is at the bottom of the original post. Hehe 317-450-3591

  • Real Estate Investor · Dublin, CA · Member since 2016 · 31 posts · 2 votes
    9y

    :) thanks for pointing that out. Its part of your signature here I see! I will get in touch with you.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.