6 unit apartment in up and coming Indianapolis area

[Samantha Soto]

This is not my listing.  It is bank owned.  I like the neighborhood as there is a lot of positive change happening and I think this may be one of those deals where a lot of value could be added if you have the $ and you know what to do.  

I am a buyer's agent and would be happy to help you gather info on this or submit an offer.  But also, just want to let my BP community know when something interesting pops up.  

http://www.neurealestategroup.com/property/2152352...

Address is 144 N arsenal Ave, Indianapolis 46201

Price is 195k, a similar building nearby is currently listed at 285k.

I have been told that there are 6 units, with 4 being currently occupied by tenants who are not paying.  The building is being sold-as is and offers require proof of financing or proof of funds if a cash offer.  

The building has nice floors and exposed brick and I think could be turned into some really trendy units.  It is so close to downtown.  

Feel free to contact me if you want me to gather more info or submit an offer!

[Josh C.]

This had 15 offers first two days. So..... how many of you Indianapolis folks did I beat? Louise Alexander I figure you might be one?

Sorry for the gloat but going to be a nice building come summer.