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$950,000
Presenting a rare opportunity for savvy real estate investors: a fully renovated 10-unit apartment building in the highly sought-after Garfield Park neighborhood of Indianapolis. This turnkey property is poised to deliver robust returns and strong cash flow, making it an ideal addition to any investment portfolio. The property consists of 10 units: 5 units with 2 bedrooms and 1 bathroom, 4 units with 1 bedroom and 1 bathroom, and 1 efficiency unit. Currently, two units are rented at $1300 (2br) and $800 (efficiency) per month, respectively, with the remaining eight units vacant and ready for immediate occupancy. With full occupancy, the estimated gross rents could reach $10k+ per month, significantly exceeding the 1% rule and underscoring the property's strong financial potential. Comprehensive renovations across all units ensure modern, attractive living spaces that appeal to quality tenants. Tenants are responsible for all utility costs, optimizing your net income. An expansive concrete parking pad at the rear of the building provides ample parking for tenants and the potential for additional income. Professional property management is already in place, offering a seamless transition and continued high-quality oversight. Positioned on a spacious corner lot directly across from the picturesque Garfield Park, this property offers a prime location that enhances tenant appeal and lifestyle. Additionally, it is just minutes from downtown Indy, providing easy access to dining, entertainment, and employment hubs. This property represents a strategic investment with substantial upside potential in one of the city's charming neighborhoods. With all units renovated and ready for tenants, investors can capitalize on the strong rental demand and achieve impressive returns. Don't miss out on this exceptional opportunity to secure a high-performing asset in a prime location. This turnkey investment is poised to deliver excellent returns and won't remain on the market for long!

2457 & 2461 S Shelby Street S, Indianapolis

Listing courtesy of Keller Williams Indpls Metro N.

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