+13177536502
The Preferred Team at RE/MAX
New-construction duplex opportunity in Martindale-Brightwood on Indianapolis's near-northeast side, near the Monon Trail on the neighborhood's western edge. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,660 per unit is supported by 34 3-bedroom comparables within 2 miles. Pro forma: $39,840 gross potential rent, $27,920 estimated NOI at 5% vacancy and 8% management. Close to the College Ave and Central Ave corridors and the Monon16 redevelopment area. Taxes and insurance are estimates; buyer to verify. This property is broker owned.
Listing courtesy of Alec Neu. Neu Real Estate Group
Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID. 
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