106 North Arsenal Avenue
Indianapolis, IN 46201

Sold

$376,500

4 Beds

3 Baths

4,290 SqFt

Single Family

$3000/mo

A+ Neighborhood. 200K in EQUITY

ACTIVE CASHFLOW plus TONS of EQUITY!

Investor needs to cash out so take advantage of this beautiful Single Family Residence that stands in this side of Indianapolis, all set to fulfill your passive income dreams. Featuring 4 bedrooms and 3 full baths, this property is and insane deal! Currently occupied with a lease in place through June of 2021, this is no doubt the perfect opportunity to buy and hold!

This is a 2-story property with 3 access points to basement offers a total living area of 3,672 square feet above the basement. Step-inside this marvelous home and be in awe of its warmth and homey ambiance. Large windows, huge living room, a beautiful, professional kitchen with a 5-burner gas cooktop and downdraft plus solid walnut cabinets are just a few of its features. Its hardwood and tile flooring. complements its raised panel back stairs that leads to a patio that looks to skyline. It doesn't end there as it also has a bar and a fitness room. All 4 bedrooms in this house are spacious and gorgeous! The master bedroom has a walk-in closet and a sitting area PLUS a gorgeous bath with spa and steam shower, rain shower and body sprays, and dual vanities. You will find at the back of this house a well-kept and fully fenced-in backyard -- soirees can be hosted here! It also has an attached 2-car, insulated garage.

With an estimated ROI of 24% and a CAP rate at 7%, this is simply the best deal in the market!

Buying options are as follows:
1. Buy & hold in A graded neighborhood
2. Buy & 6 months hold, flip at full retail in summer market

THIS PROPERTY IS NO BRAINER !
Photos included were taken prior to tenant move in.

Property Analysis