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7020-7032 Twin Oaks Dr 8 Unit Apartment Building $549,795 CAD ($68,724 CAD/Unit) Indianapolis, IN 46226
Investment Highlights
- Strong walking traffic
- Added parking for food trucks or additional income.
- Room for vending machines.
Executive Summary
This building is currently set up as 8 units - 4 1bd 1bath and 4 3bd 1.5bath apartments. Based on the rent schedule for the apartment complex immediately to the East of this building & current Section 8 allowable rents you can expect Gross Rents to be at $180,000yr (@100% occupancy). This is a money maker. Once the rehab/cash out is complete you'll have a Building worth 1.7 to 2.3mil with a 6 to 8 cap rate.
The Building was stabalized & the roof was torn off & replaced in the summer of 2024.
The East side of Indianapolis is considered a good rental area with grocery choices, shopping, mass transit (1 blk away) and entry level and labor jobs available close by.
The Building was stabalized & the roof was torn off & replaced in the summer of 2024.
The East side of Indianapolis is considered a good rental area with grocery choices, shopping, mass transit (1 blk away) and entry level and labor jobs available close by.
Property Facts
Amenities
Unit Amenities
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 49-07-24-123-004.000-701 | Improvements Assessment | $197,426 CAD |
| Land Assessment | $49,906 CAD | Total Assessment | $247,332 CAD |
Property Taxes
Parcel Number
49-07-24-123-004.000-701
Land Assessment
$49,906 CAD
Improvements Assessment
$197,426 CAD
Total Assessment
$247,332 CAD
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7020-7032 Twin Oaks Dr
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