Indianapolis Portfolio of properties for Sale - Speedway
Package Deal: Two SFRs on One Parcel (Parcel Split in Progress) | 2x (2 Bed / 1 Bath)
Property Snapshot
Type: Two Single-Family Homes (2/1 Each) on Shared Parcel – Separate Gas/Electrical Meters; Garage (Assigned to 303 per Plat, Appears for 4321); Parcel Split Started (New Survey/Plat Prepared at $6K Cost, Filing ~2 Months)
Sqft: ~600+ Each (Total ~1,200+) | Lot: Combined (Exact TBD Post-Split)
Year Built: 1950s
**Part of a PORTFOLIO: Make an Offer on all 3 or 4 of them & get a DEAL
Bertha St. Comes with a Garage!
Condition: Turnkey – Remodeled Kitchens/Baths, New LVP Flooring, New Carpet, New Siding, Fixtures/Outlets/Doors, Appliances Included, New Mini-Split HVAC (Heat/AC), Working Furnace, Washer/Dryer Hookups, Blinds Installed; Updated Plumbing/Electrical; 4321 New Roof, 303 Solid Roof (No Leaks); Plenty Parking
Occupancy: Vacant
Gross Rents: N/A (Vacant; Potential $2,400–$3,000/mo LTR Combined; $3,000–$4,000/mo STR)
? UPDATES:
Separate Gas And Electrical Meter
Started The Process Of Splitting The Parcel Up
Paid Already For New Survey And Prepared Plat, - Approx 2 Months
Remodeled Kitchen
Remodeled Bathrooms
New Lvp Flooring
New Carpet
New Siding
New: Fixtures, Outlets, Doors
New Appliances
New Mini Split– Sufficient To Run The Whole Unit For Both Hot And Cold
Also Has Working Furnace
Washer Drier Hook Ups
Blinds Have Been Installed.
4321 Bertha Got A New Roof
303 S Fleming Has A Solid Roof
Both Have Plenty Parking
Updated Plumbing And Electrical
Visual Overview (Based on Attached Photos): The properties are two adjacent single-story bungalows on a shared lot, with beige siding, black shingled roofs (one newer), and grassy yards with chain-link fencing. 4321 Bertha features a front porch, driveway parking, and appears to have the detached garage (white with roll-up door, interior shelving/storage). Interiors show ongoing remodel: LVP wood-look flooring in main areas, fresh white walls, modern white shaker cabinets in kitchens (with stainless appliances like fridge/stove not always pictured), updated baths with vanities, tiled showers, and mirrors. Bedrooms have carpet, ceiling fans, and closets. Utility spaces include hookups and mini-splits mounted. Overall, clean, bright, and nearly complete with some materials/tools visible, highlighting turnkey potential.
? Valuation & ARV Range
ARV Estimate (Combined as Package): $395,116
ARV Estimate (Post-Split, Each): $197,558
? RENTAL INFO:
Gross Income (Combined LTR): $2,600/mo = $31,200/yr
Gross Income (Post-Split Duplex-Style): $3,000/mo = $36,000/yr
Est. Expenses (30-35%): $9,360–$12,600/yr (Taxes ~$2,000/yr Combined, Insurance/Maintenance)
NOI (Combined): ~$21,840/yr | NOI (Post-Split): ~$25,200/yr
Est. DSCR: 1.30–1.50 (Combined) / 1.50–1.70 (Post-Split)
Based on 20–25% Down, 7.25–7.5% Rate, 30-Yr Amortization
Qualifies for DSCR; Split Boosts NOI for Stronger Qualification
? Investor Highlights
? Turnkey Package: Remodel Started & Completed – Modern Finishes (LVP/Carpet, Mini-Splits, Appliances) for Immediate Rental/Flip; Separate Meters Minimize Expenses
? Rental Layout: Each 2BR/1BA (Compact, Efficient); Rent by Room: $500–$700/BR (Total $1,000–$1,400/Property; Combined $2,000–$2,800/mo for Shared Housing)
? Max Rents (LTR): Each $1,200–$1,500/mo (Section 8/Standard; Combined $2,400–$3,000/mo); Airbnb/STR Max: Each $100–$130/night (50–60% Occ. ~$1,500–$2,000/mo ? Gross/Property; Combined $3,000–$4,000/mo w/ Events Boost)
? Amenities: Near IU Indianapolis (Medical Staff/Students), IU Health Methodist Hospital (1 mi – Corporate Rentals), Ascension St. Vincent (Nearby), Indianapolis Airport (5 mi – Travel Workers), Corporate Areas (Downtown Indy 10 mi)
? Value-Add Plays: Complete Parcel Split (~2 Months) for Separate Titles/Sales (Boost ARV 10–20%); Convert to Duplex if Not Splitting; Add Fencing for Privacy; BRRRR for Equity Pull; Flip Post-Split for Profit
? Pros & Convincing Factors: Cash Flow Day 1 (Turnkey Rentals); Low All-In ($277K for Two Homes); Strong Spread ($118K–$118K Combined at $197,558 Each); Growing 46241 ? Market (25% Price Rise YoY); Airport Proximity for STR Demand; Separate Meters = Tenant-Paid Utilities; Garage/Parking Add Appeal; Motivated Seller – Flexible Pricing; Clean Title, Vacant Access; DSCR-Qualified for Passive Investors; Upside in Rents (Indy Avg Up 5–10% YoY)
? Westside Indy Location; Steady Demand Near Airport/Hospitals
? Rehab Estimate: $0 (Turnkey); +$5,000–$10,000 (Split Completion/Enhancements)
? Why This Deal Works for Investors
? Turnkey Remodel – New Roofs/Siding/LVP/Carpet/Mini-Splits/Appliances/Plumbing/Electrical
? Parcel Split in Progress (Boost ARV 10–20% for Separate Sales)
? Strong Spread: Low All-In for High ROI (Flip/BRRRR)
? Rental Plays: LTR/Section 8/Airbnb/Rent by Room (Near Airport/Hospitals)
? Separate Meters/Garage/Parking; Amenities Boost Demand
? Motivated Seller Flexible; Clean Title/Vacant
? DSCR-Qualified; Growing 46241 Market
? Quick Numbers Recap
?Rehab: $0–$10K
? ARV: $395,116
? Rent Potential: $2,400–$3,200+
? ROI Range: 10–20%+ Depending on Strategy
? Looking for More Off-Market Inventory? We offer:
? Single-Family Rentals
? Duplexes, Triplexes, & Quads
? Turnkey Cash Flow Properties
? Light-to-Heavy Rehab Projects
? Creative Financing & Seller Carry Deals
? Browse full inventory at: www.reioffer.net
? ? Contact Jamie Franklin | Acquire JDF Corp | 317-610-9834
