Copy
New Wholesale Cash Flow Opportunity from InvestWithBen.com


New Wholesale Deal
Rented Duplex 
Cash Cow!

3050 & 3052 W Michigan St

Introducing an Indianapolis duplex that is currently rented for $1,350 per month in gross income.

This duplex will conservatively command $600 per unit, but these units are currently rented at higher rent rates! Gross rent is $1,350 per month in income right now, we priced this one at $1,200 monthly income and 16% cash on cash. Priced with conservative rents and expenses to give you added wiggle room. 

$33,000

Wholesale Price: $33,000

Updated Roof, Updated Vinyl Windows

900 SQFT per unit

Unit 1:  2 Beds 1 Bath
Unit 2: 2 Beds 1 Bath with loft  (add closet to make 3BR)

 
1 bath per unit
This wholesale opportunity provides investors with an easy rehab and exceptional cash flow on an already rented Indianapolis multifamily property.

This opportunity won't last long and is priced for returns in the teens even after repairs are complete. This property has been priced with conservative rent estimates and generous expense and vacancy budget reserves to lower your risk as an investor.

Investment Options:
  1. Buy and Hold for Your Own Portfolio - Crush the mythical 2% rule.  Ask about trusted contractor available by request for repairs. Keep the equity in your pocket 15.9% Cash on Cash return even after conservative expense and repair estimates.
  2. Buy and sell as a turnkey investment to your clients once the simple rehab is complete. Earning you a generous return on your investment.
  3. Repair and refinance to generate cash on cash returns even higher than 15.9%
Income Details based on $600 Rent Per Unit:

2/1 Rental Comps






3/1 Rental Comps



Property Highlights: 

  • Exceptional Cash Flow
  • Already rented at higher rent rates for area
  • One unit in excellent shape and rented!
  • Newer Roof
  • Updated Windows
  • Updated Electrical
  • Separate Electric Meters
  • Full basement for added storage for tenants

Property repair Estimates of $17,500 depending on how far you want to take it and your material and contractor resources: 

  • Paint
  • 4 windows need updated ($200 - $300 per window)
  • Currently no central A/C (add window units or install central A/C)
  • Deep cleaning
  • Kitchen updates in larger unit
  • Vanity in larger unit
  • Paint Window Trim and touch up siding
  • Repair small section of siding (No more than $500)
  • Update Flooring
  • Dry-wall Patching
  • Interior doors and exterior basement door
  • Most of the updates needed are in 3 bed unit
  • 2 bed unit is in great shape!
  • Closet in loft room to turn bigger unit into 3rd bedroom 

CLICK HERE TO SEE PICTURES

Access: To arrange access please REPLY directly to this email or call Ben to have him get you inside.

How To Buy:  Ben's properties sell very fast and are on sold on a first come first serve basis to the best offer.  Ben is open to all offers.

If you're interested and would like to purchase this property, please contact Ben directly to have him send you the purchase agreement. $2,500 EMD secures the purchase.  

No contracts are signed until buyer completes their inspections.

To inquire further, reply to this email.

Earnest Money Deposit: Non-refundable $2,500 secures purchase before anyone else. Must close within 15 days.

Realtors: Add whatever fee you’d like on top of our price as your fee if you have a solid cash buyer interested and ready to close.



Ben Grise   //  P - 574-329-3524 // InvestWithBen.com

Note: If this email was in your Spam or Junk folder be sure to click the "Not Spam" or "Not Junk" Button to move this email over to your inbox. This will help future properties get straight to your inbox when they go out so you don't miss out. 

______________________________________________

*Seller of this property either owns or has equitable contractual interest along with Notraized Notice of Interest recorded with county in the properties marketed.
 
**All properties are sold for cash or hard money only.  Buyer to verify all information and funds. $2,500 non-refundable earnest deposit is required along with a 15 day or less closing period.
 
***Seller has exclusively relied upon the information listed within the MLS and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property. Buyer acknowledges and accepts that Seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and Buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions. Buyer expressly acknowledges that it is purchasing the property in "as is, where is" condition.
 
****All properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Buyer to verify all material facts including square footage. Property will not be considered under contract until signed contract and deposit received with all contingencies removed. Sales price is net to seller. Buyer to pay all closing costs.

Copyright © 2017 Grise Home and Property Group, LLC, All rights reserved.


unsubscribe from this list | update subscription preferences 


Email Marketing Powered by Mailchimp