Priced at: $120,000

This was one of my original properties when I first started in Indiananpolis, If you look at my Hall of Fame video, its the brick property that has all the units in a row. I have put in about $60k in renovations on the property. The property has always rented easy because the current rents are about $50/mo. less than the current rental market. Take a look at rent.com All rented and performing I have always kept up with all aspects of the property, the tenants have been good and all maintenance items have been take care of. I am willing to do a seller finance. The below mentioned numbers is with $70K down. Just being honest, their is a utility charge on this property master meter for water runs about $70/mo.

Demand for housing from first time homeowners has stayed very strong. Interest from out of state investors is at a 10-year high. Section 8 rents tend to average 10-15% higher than fair market rents in low income neighborhoods. New Democratic Congress will increase section 8 spending! Other Midwest cities have negative population growth. Indy has POSITIVE GROWTH. Unemployment in Indianapolis is less than national average. Indianapolis a HUGE SPORTSTOWN. NCAA headquarters, largest Indy car race (500), 2nd largest NASCAR race (brickyard 400), largest drag racing event (US nationals), 2012 Superbowl. Huge pharmaceutical industry! Eli Lilly world headquarters and countless associated companies. Less than 10% vacancy rates. Rents rising at 5% a year coupled with a the last 2 years only having a 3.5% drop in values (low compared to rest of country) Because it is the State Capitol, there are thousands of government jobs. Three universities?Butler, Indiana University-Purdue University Indianapolis (IUPUI), University of Indianapolis. Over 50,000 full time students. Indianapolis has a Convention industry that is growing rapidly. Hotels are running at 97% occupancy causing construction of new convention center and 1000 new hotel rooms. Capitalization rates of 12-20% in working class and middle class investors. Most affordable housing in the US. (median income compared to median home prices) Lowest unemployment rate in Midwest.