Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

7 Unit 2 Property Package Deal 

1606 S D St. & 1602 12 S J Street
 Elwood, Indiana 46036

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

    
Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    3
Property Description    3
Property Highlights    3
Confidentiality    4
Disclaimer    4
Contact Information    5

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $23,500                       Cost per door:  $3,357 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 162.47%
?    Cash on cash return 180.1%
?    5-year annual ROI 181.1% per year
?    Great Investment Opportunity
?    Room for rent increases
?    More possible value plays
?    Excellent Professional Property Management company available
?    Great Location: Anderson, IN has a population of 56,000
?    It is a city in Madison and Tipton counties in the U.S. state of Indiana. The Madison County portion, which includes most of the city, is part of the Anderson, Indiana Metropolitan Statistical Area, while the small portion in Tipton County is part of the Kokomo, Indiana Metropolitan Statistical Area.
?    With a total population of 8,428 (2017)
?    Ranked 69th in the Forbes List for 100 Best Places for Businesses among smaller US Metros in 2007. 
?    In the last 10 years, 15 foreign company have built facilities in Madison County creating 2,200 jobs and stabilizing the economy
?    Switzerland-based Nestle Corporation built a $920 million plant in Anderson in 2007. 
?    Other foreign investments have come from Japan-based Greenville Technologies Inc, Italy-based Sirmax North America Inc., and Japan-based NTN Driveshaft Anderson, Inc. 
    ?    100% Vacant
?    All repainted on interior
?    All have remodeled kitchens
?    Hardwood floors
?    New furnaces
?    Cap Rate on Actuals: 0% 
?    $0 actual NOI (Due to 100% Vacancy)
?    $38,181 pro forma NOI
?    32 minute drive to Anderson University
?    37 minute drive to Ivy Tech Community College
?    29 colleges within 50 miles of Anderson 13 College & Universities within commuting distance
?    Major Employers: Greenville Technologies, Sirmax North America Inc., NTN Drive Shaft Anderson, Inc., Community Hospital Anderson, St. Vincent Health, Nestle, Carter Express, Hoosier Park, Anderson University, Walmart, Kroger/PayLess Super Markets, Ricker Oil Company, ALA Trucking, Italpollina Biostimulants, Go Electric Inc., Leclanche’ 
?    Economists estimate there are currently 800-900 jobs to be filled in Madison County
?    Indiana has the lowest unemployment rate in the region
?    Anderson unemployment rate is 3.3% and expected to drop to 3.1% over the next year.

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

                            
Subject Property Current Rents:  $0 per month (Due to 100% Vacancy).   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $3,856
Gross Scheduled Income    $46,272
  Less Vacancy (10%)    (2,314)
  Less Expenses (45%)    (5,777)
Net Operating Income    $38,181

Property Description

Number of Units:  7

Style:  Two-story

Utilities:  Owner pay for all utilities

Roof:  Pitched Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  0% or 100% Vacant 
                     
Building Square Footage:  1606 – 2,944 sq ft; 1602 – 2,896 sq ft

Land Acreage:  1606 – 0.16; 1602 – 0.17

Built:  1606 – 1898; 1602 – 1896

Property Highlights

?    Mis-managed property could be a cash-flowing cow with proper management. 
?    32 min drive to Anderson University 
?    10 min drive to Akron Fulton International Airport 
?    13 College & Universities within commuting distance and 32 others within a 50-mile radius: The Little Lamb Christian School, Compass Alternative School, Anderson Elementary School, Anderson High School, Edgewood Elementary School, Erskine Elementary School, Eastside Elementary School, Tenth Street Elementary School, Valley Grove Elementary School, Anderson Preparatory Academy, Anderson Christian School, Liberty Christian School, St. Ambrose School, Sheridan Community Schools, Tipton Community School Corporation, Highland Middle School, Pendleton Heights High School, Westfield Washington School, Tipton High school and Middle School
?    Nearby restaurants are the following: Bob’s Restaurant, Cooper’s Hawk Winery & Restaurant, Rail, Thai Select Restaurant, Yats, Mi Hacienda Mexican Restaurant, Mimi Blue Meatballs, Burritos & Beer Restaurant, LLC., Chick-fil-A, I Love Salad, Thai Papaya Restaurant, Pad Thai Restaurant, Chuy’s Jamaican Reggae Grill, Peking Garden Restaurant, Jasmin Thain Restaurant, First Watch- Village Park, and Taxman Fortville
?    Close to malls/markets namely Castleton Square, Clay Terrace, Willow Lake West, Cross Street Market Place, Boone Village Shopping Center, Nora Plaza Shopping Center, Town and Country Plaza Shopping Center, Walmart Neighborhood Market, Spring Mill Commons of Westfield, Krogers, Trader Joe’s, Market District Supermarket
?    11 min drive to Community Hospital Anderson, St. Vincent Anderson Regional Hospital, Riverview Health  

Confidentiality

It is acknowledged by reader that information furnished in this Executive Summary is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious damage; therefore, reader agrees not to disclose it without the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  The information contained herein does not purport to be all inclusive nor does it purport to contain all of the information representative of the property.  Todd Keith nor any of its respective partners, officers, employees or agents makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein or otherwise expressed and conveyed and no legal liability is assumed or shall be implied with respect hereto.

Such information and statements have in many circumstances been obtained from outside sources, have not been tested or verified and may be subject to errors or omissions.  Projections, especially, are based on various assumptions and subjective determinations as to which no guaranty or assurance is given.  

Potential investors are recommended and urged to perform their own examination and investigation and not to rely on the information contained within this document or other materials otherwise provided.

Contact Information

Please contact me at the phone number or email address listed below if you are an interested party, or if you require further information.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com