Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

2 Unit Duplex

1430-1432 N. Colorado Avenue
Indianapolis, Indiana 46201

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:  $103,000                       Cost per door:  $51,500 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 10.17%
?    Pro Forma cash on cash return 17.8%
?    5-year annual ROI 22.3% per year
?    Great Investment Opportunity
?    Excellent Professional Property Management company available
?    Indianapolis, the largest city in the state, lies at the heart of a nine-county metropolitan-area.
?    Indianapolis the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County
?    Room for rent increases
?    More possible value plays
?    13 College & Universities within commuting distance: Indiana University, Martin University, Indiana University- Purdue University Indianapolis, Indiana University School of Medicine, University of Indianapolis, Marian University Indianapolis, Christel DeHaan Fine Arts Center, IU School of Liberal Arts, and Trustees of Indiana University
    ?    Management Value Play – Mismanaged Property
?    Cap Rate on Actuals: 4.32% (Due to 50% Vacancy)
?    $4,358 actual NOI 
?    $10,478 Pro Forma NOI
?    3 minute drive to Little Fowler Catholic School 
?    Perfect Starter multifamily deal
?    A major educational and cultural centre, Indianapolis is the seat of Butler University and Indiana University Indianapolis
?    Major Employers: Indiana University Indianapolis, Allison Transmission, Rolls-Royce Corp, Anthem, Cummins, Community Health Network, IU Health University Hospital, St. Vincent CTR for Healthy, St. Vincent Hospital Emergency, St. Vincent Indianapolis Hospital, IUPUI, Eli Lily & Co/International Corp, IU School of Medicine, and Roche Diagnostics Corp21 Minute drive to Kent State University (with an enrollment of 40,000 students/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:  $600 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $1200
Gross Scheduled Income    $14,400
  Less Vacancy (10%)    (720)
  Less Expenses (45%)    (3,202)
Net Operating Income    $10,478

Property Description

Number of Units:  2
 ,
Style:  Two-story

Utilities:  Tenants pay for all utilities

Roof:  Pitched Asphalt Shingles

Construction:  Bricks

Current Occupancy:  50%
                     
Building Square Footage:  1430 – 1,168 sq ft ; 1432 – 800 sq ft

Land Acreage:  0.12

Built:  1935

Property Highlights

?    Under market rents

?    13 College & Universities within commuting distance and 32 others within a 50-mile radius: 3 minute drive to Little Fowler Catholic School, Scecina Memorial High School, Calvin N Kendal Elementary School, & Paramount School of Excellence, 4 minute drive to Susan Roll Leach School, 5 minute drive to Brookside School Middle School & James Russell Lowell 51, and 6 minute drive to The Oaks Academy- Brookside
?    Nearby restaurants are the following: Chicken Joint, Steer-In, Sharks, Ball Park Pizza & Eatery, Just Pizza, Chucks Coney Island, Jordans Fish & Chicken, Ixca Mexican Kitchen, Subway, Hardee’s, The Legend Classic Irvington Café, McDonald’s, Peppy Grill, Jockamo Upper Crust Pizza, Tlaolli, Chilangos, The Mug, Golden’s Fish & Chicken, MCL Restaurant & Bakery Arlington

?    Close to malls/markets namely Circle Centre Mall, Washington Sq Mall, Linwood Square, Castleton Square, The Fashion Mall at Keystone, Darwin’s Mega Mall LLC.com, Now Mall, East Washington Plaza, Glendale Town Center, Greenwood Park Mall, Devington Plaza, Brookville Shoppes, East 40 Plaza, and Washington Square

?    5 minute drive to Community Hospital (East, North and South), 15 minute drive to Riley Hospital for Children & Sidney & Lois Eskenazi Hospital

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