Description
Welcome to 2209 E New York Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. Unit 2209B already features an in-unit washer/dryer, and there is potential to add laundry hookups to the remaining three units a simple value-add play to bump rents even higher. Perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.
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01/2 BATHS
Description
Welcome to 2209 E New York Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. Unit 2209B already features an in-unit washer/dryer, and there is potential to add laundry hookups to the remaining three units a simple value-add play to bump rents even higher. Perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.
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