7020-7032 Twin Oaks Dr Immeuble residentiel 8 lots 350 400 € (43 800 €/Lot) Indianapolis, IN 46226

This building is currently set up as 7 units - 2 units are 1bd 1bath = There are 4 units with 3bd 1bath - There is one very large 2bd 1 bath that should be divided back to 2 units. 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 $125,000yr (@100% occupancy). With the rehab costs nearing $250,000 this is a money maker. Once the rehab/cash out is complete you'll have a Building worth approx. 1.2 mil.
The Building was stabalized & the roof was torn off & replaced in the summer of 2023. The building is gutted to the studs. All 7 sewer lines are clear to the street (July 2026). The water meter will be installed (Aug 2026). The parking lot is large enough to park Food Trucks or add storage or a laundry room. The walking traffic is huge in this area - Placing vending machines in the alcoves could generate significant additional income.
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 pictures have been updated and video added.