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  • 4
  • Indiana
Price £33,237
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Property Description

This is an excellent opportunity to buy a refurbished duplex which is located to the east of Downtown Indianapolis. The property was recently refurbished and is already tenanted to ensure an excellent income from day one.

Built in 1930, the property totals 910 square feet on a lot of 5,401 square feet and benefits from a double garage.

The duplex comprises 2 side by side (semi-detached) two bedroom, 1 bathroom homes each with an additional room and a partial basement.

Copies of the leases and a detailed Home Inspection Report containing numerous photos will be made available as part of the purchase process.

Enjoy a great net income of over $14,000 per annum. This opportunity is sure to sell quickly so please contact us as soon as possible if you are interested.

Below, you will find a summary of the financials as well as some reasons as to why now is the time to invest in Indianapolis.

KEY FIGURES:

Purchase Price: $52,000

Closing Costs: $2,500

TOTAL OUTLAY: $54,500

RENTAL INCOME: $14,400

OUTGOINGS:

Property Taxes: $1,020

Water: $600

Insurance: $600

Management: $1,440

TOTAL OUTGOINGS: $3,660

NET INCOME: $10,740

THE NET YIELD IS THEREFORE A FANTASTIC 19.71%

For further information or to reserve this property, please complete the enquiry form as soon as possible.

Indianapolis has the nations most affordable housing market.

Indianapolis is ranked as one of the best downtowns in the United States citing "more than 200 retail shops, more than 35 hotels, nearly 300 restaurants and food options, movie theaters, sports venues, museums, art galleries and parks" as attractions.Greater Indianapolis has seen moderate growth among U.S. cities. The population of the metropolitan statistical area was 1,756,241 according to the 2010 Census, making it the 34th-largest in the United States. The 2010 population of the Indianapolis combined statistical area, a larger trade area, was 2,080,782, the 23rd-largest in the country. Indianapolis is considered a gamma global city by the Globalization and World Cities Research Network. In 2013, the city won Sister Cities International's 2013 Best Overall Program award for jurisdictions of population 500,000 and above.

The largest industry sectors by employment in Indianapolis are manufacturing, health care and social services, and retail trade.Compared to Indiana as a whole, the Indianapolis metropolitan area has a lower proportion of manufacturing jobs and a higher concentration of jobs in wholesale trade; administrative, support, and waste management; professional, scientific, and technical services; and transportation and warehousing.

Metropolitan Indianapolis At A Glance

Indianapolis is the nation's 12th largest city. More than 65 % of the U.S. lives within 700 miles of Indianapolis.

It ranks as one of the cleanest and safest cities in the country.

Several Forbes 500 companies are located in the city- like Eli Lilly and Company, Anthem Inc, Hunt Construction Group, Duke Realty Corp.

It has 7 high-tech business development areas that have been designated as "Certified Technology Parks," supported with state tax incentives.

Major employers include American United Life Insurance Co., DowAgroSciences, Roche Diagnostics, Rolls Royce and Clarion Health.

The city is served by four interstate highways, six railroads, an international airport and a foreign trade zone.

Indianapolis public schools spend $7,078 per student above the national average of $6,058.

The world famous Indy 500 supports hundreds of local motor sports companies generating $300 million a year in wages.

Indianapolis is home to the Colts, Pacers and AAA Indians.

Indianapolis's economy and housing prices to grow fastest in the country -- CNN MONEY

Indianapolis is 10th in the nation when it comes to the production of fast-growth, super achieving companies. Indy has 88 companies on the past lists. -- Inc.Magazine

Top 25 Indiana manufacturing companies consistently outperform Dow Jones Industrial Average.

Indianapolis Metro Area is among the "top 50 hottest cities in the nation" -- Expansion Management Magazine

$750 million dollar business park is expected to become the largest concentration of jobs in Indiana --Indianapolis Star

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