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  • 2
  • Indiana
Price £39,000
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Property Description

Refurbished and tenanted duplex. 18.37% net yield. 3117 E Michigan St, Indianapolis is a duplex property arranged as two 1 bedroom apartments located in a popular district just minutes from Willard Park which is particularly sought after by renters. Willard Park recently underwent a $500,000 renovation with thanks to an Urban Parks and Recreation Recovery Grant (UPARR) and the Indianapolis Park Foundation. This 11-acre park now offers amenities for the entire family! With park benches under shade trees, a large picnic shelter, new soccer field, and renovated pool, Willard Park is the epitome of what an urban park ought to be!

The amenities include: Outdoor Pool & bath house, Spray Pool, Basketball Courts (2), Picnic Shelter, Soccer Field, Trail and Baseball/Softball Diamond.

Built in 1900, the property totals 800 square foot. The property has recently been renovated and new tenants have moved in ensuring an excellent income from day one.

This property is priced to sell quickly so please contact us now for full details if you are genuinely interested.

Reserve this now and start collecting income from day one!

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price: $39,000

Fixed Closing Costs: $2,500

TOTAL OUTLAY: $41,500

RENTAL INCOME: $11,100

OUTGOINGS:

Property Taxes: $1,050

Water: $600

Insurance: $720

Management: $1,104

TOTAL OUTGOINGS: $3,474

NET INCOME: $7,626

THE NET YIELD IS THEREFORE A FANTASTIC 18.37%

Please contact us for further information or to reserve this property.

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