-purchase price is $790,000 -or best offer- for 10 properties

-20k non refundable emd with agreement of mutual release of emd, should the buyer not fulfill their obligation of contract. emd to be placed in title within 72 hours or contract is voided  

-selling as-is. No interior access/interior photos of the 10 properties due to tenant occupancy and uncooperation of Seller 

-cash offers only (due to no interior access/interior photos)  

-no prorated rents or deposits to be transferred at closing 

-closing sept 28th 2023 to take place at Quality Title (south Indianapolis location) title work is already done 

-buyer pays all closing costs and title work fees 

-warranty deed to be delivered at closing from seller 

-Do NOT disturb tenants

8 out of 10 properties are occupied 

Current monthly revenue $5,918/month 

Annual gross revenue $71,016

Expenses 25,000 annually

Current NOI $46,016

Current rents are on average $300 -$500 below market rents at this current time for the 8 occupied rentals

$1.85 million ARV minimum

$790,000pp+10,000 closing +$550,000 rehab 

=$1,350,000 all in for buyer 

$1.85 million - $1,350,000 all in price= $500,000 equity 

$ 1,850,000 x 75% refi = $1,387,500 amount back from cash out refi exit strategy

Addresses and Rents

1156 Bacon Street - vacant

1163 Martin Street - vacant 

1136 S. Bradley 46203 $650

1140 McDougal plus lot next door 46203 $550

1154 E. Bacon Street 46227 $800

1514 E. Perry Street 46227 $650

1458 Saulcy Street 46222 $750

405 S. Harlan 46201 $625

525 N. Livingston 46222 $595

5115 Burges 46219 $625

933 Albany 46203 $700 

1,661,000 ARV, conservatively

1156 bacon st, indianapolis indiana 

4 bds 1 bath 2085 sq , 195k arv as is 140k 

Comps : 

1)3307 olive st indianapolis 46227 - 3bd/1ba 1008 sq sold 135k on 05/26/23 0.4 mi away 2)1147 e perry st indianapolis 3/1 2236 sq sold 156k on 06/02/23 

3)1120 e perry st indianapolis indiana 4 bds/2 ba 2160 sq sold 196k 05/19/23 

1154 bacon st indianapolis 3bds/1ba 1700 sq, 156k ARV as is value 117,000 

Comps : 

1)3307 olive st indianapolis 46227 - 3bd/1ba 1008 sq sold 135k on 05/26/23 0.4 mi away 2)1147 e perry st indianapolis 3/1 2236 sq sold 156k on 06/02/23 

3)1120 e perry st indianapolis indiana 4 bds/2 ba 2160 sq sold 196k 05/19/23 

1163 martin st indianapolis 2/1 950 sq 140k ARV as is value 115k 

Comps : 

1)3307 olive st indianapolis 46227 - 3bd/1ba 1008 sq sold 135k on 05/26/23 0.4 mi away 2)1147 e perry st indianapolis 3/1 2236 sq sold 156k on 06/02/23 

3)1120 e perry st indianapolis indiana 4 bds/2 ba 2160 sq sold 196k 05/19/23 

1514 e perry st indianapolis indiana -2bd 1 ba 576sf 100k ARV as is 75k 

Comps : 

1)3307 olive st indianapolis 46227 - 3bd/1ba 1008 sq sold 135k on 05/26/23 0.4 mi away 2)1147 e perry st indianapolis 3/1 2236 sq sold 156k on 06/02/23

3)1120 e perry st indianapolis indiana 4 bds/2 ba 2160 sq sold 196k 05/19/23 

Property for purchase 

1140 mcdougal indianapolis 195k ARV as is value 145,500 

Comps 

1)1212 cameron st indianapolis 3bds 1 ba 1534 sq sold 144k on 07/03/23 .01 mi 

2)1033 cameron st indianapolis 2bds/1ba 1428 sold 189k on 05/23/23 .02 mi 

3)1005 e yoke st indianapolis 2bds/1 bath 1687 sold 204,900 on 07/07/23 .02 mi 

933 albany st indianapolis 205k ARV as is value 145,500 

Comps 

1)2726 barth ave indianapolis 3bds/2ba 2712 sq sold 222,000 on .04/07/23 .02 mi 

2)1005 e berwyn indianapolis 2bds/2ba 1820 sq sold 207,500 on 06/23/23 .03 mi 

3)931 albany st indianapolis 3bds/2 ba 1300 sq sold 269,000 on 08/18/23 .05 mi 

405 harlan st 200k ARV 145,000 as is value 

Comps 

1)1152 churchman indianapolis 1bd/2ba 3498 sq sold 125k on 03/15/23 

2)1117 s randolph st indianapolis 3bds/2ba 2502 sold 200k on 05/12/23 

3)pending property 1049 villa ave indianapolis 4bds 4ba 4005 sq for 474,900 active 21 days 4)1929 prospect st indianapolis 3/2 1152 sq sold 255k on 04/06/23 1 mi 

5)1040 s randolph st indianapolis 3/1 1617 sq sold 155k on 05/03/23 .9 mi

6)1115 reid pl indianapolis 3/2 2266 sq sold 147,250k on 05/12/23 1.1 mi 

1458 saulcy st indianapolis 130k ARV - 75k as is value 

Comps 

1)918 n elder ave indianapolis 2bds/1ba 1674 sq 95k on 8/22/23 1 mi 

2)1027 n elder ave indianapolis 3bds/1ba 1128 sq 60k on 7/27/23 1.1 mi 

3)536 n belmont ave indianapolis 3bds 1ba 1128 sq 54k on 07/06/23 0.8 mi 

4)745 n perishing indianapolis 3bds/2ba 1640 sq sold 197k on 06/01/23 1.1 mi 

5)737 n perishing indianapolis 3bds/3ba 2639 sq sold 235k on 04/28/23 1.1 mi 

6)524 lynn st indianapolis 3bds/2ba 1440 sq sold 80k on 05/10/23 1.2 mi 

525 n livingston indianapolis 150k ARV as is 115,000 

Comps 

1)1024 n alton ave 2bds/1 ba 1606 sq 115k sold on 8/01/23 

2)1431 n tibbs ave 2bds/2ba 1824 sq 146k sold on 07/05/23 

3)1437 n berwick ave 2bds/1ba 1536 sq 190k sold on 06/20/23 

5115 burgess indianapolis indiana 190k ARV as is value 135,000 

Comps 

1)5623 e bonna indianapolis 3bds/2ba 1586 sq sold 305k on 8/18/23 

2)5207 english ave indianapolis 2bds/2ba 1711 sq sold 194k on 08/07/23 

3)5361 e burgess indianapolis 3bds/1ba 1074 sq sold 138,500 on 07/26/23 

4)358 s downey ave indianapolis 4bds/3ba 2080 sq sold 341k 07/17/23

5)5223 brookeville indianapolis 2bds/1ba 952 sq 109k sold on 07/05/23 

6)725 s butler indianapolis 3bds /2ba 1495 sq sold 160k 05/12/23