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In Indianapolis, Indiana we have an amazing multi-family investment opportunity for sale. Each building has 12 apartments, six of the 1 bedroom and six of the 2 bedroom layout. The 1 bedroom layouts average 570 square feet & the 2 bedroom 740 square feet per unit. The average rents per apartment in the immediate area in April 2014 are shown in the tables, giving a blended average of $500 per apartment per month. 12 apartments would therefore generate a gross annual income of $72,000 per annum. There are 5 buildings for sale, the apartments in each building require a certain amount of renovation. Renovation costs vary per apartment but others on the same complex have cost between $1,500 for light work to $10,000 for a full refurbishment. We have full recent documentation showing these costs.
Other Details: Number of Bedrooms: 1, Number of Bathrooms: 1
This property is located in: Gorad Indyjanapalis, IND, Indianapolis, Indianapolisa, Indijanapolis, Indiyanapolis, Intianapolis, andyanabwlys, andyana, ayndyanapwlys, indiaenapolliseu, indianaporisu, indiyanapolisa, intiyanapolis, yin di an na bo li si (Indiana, United States).
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