Description

Prime opportunity for a cash flowing 4-unit property in Perry Township school district, a safe, quiet neighborhood on Indy’s southside. This property is actually 2 free standing properties (one with 3 units and one with 1 unit). With three of the four units rented at the same competitive rate, you’ll benefit from a steady, predictable income stream. Unit A, the highest rent unit, and Unit B will soon be available for lease, offering the potential for even greater returns. The property also features separate gas and electric meters, ensuring tenants pay for their own utilities, which keeps your expenses low. With septic and well water systems in place, operational costs are further streamlined. Investors / Agents — Pro forma with actual market rents is attached. Current leases / rents: 1-bed Unit: $750 lease ending 10/31/25, 1-bed Unit: $640 lease ending 9/30/25, 1-bed Unit: $885 lease ending 3/31/25 (vacating). 2 Bed Unit is up for rent, last rented for $1135, could be bumped to $1150-1200.