564 W Indiana Ave, Bloomfield, IN 47424

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Building Details:

Excellent cash flow opportunity! Portfolio of 20 single family investment properties located throughout Clay and Greene counties. The portfolio is currently at 95% occupancy, and many of these homes have been recently rehabbed. This package is being listed 15% BELOW the total appraised value of these properties!

Please note - 13 of these homes have lease-option contracts in place with the current tenants. These homes represent approximately $984,150 of the purchase price - and as of 10/28/13, stand to generate $1,228,400 in sale proceeds upon maturity of the lease-option contracts, as well as an additional $164,250 in rental revenue throughout the remaining lease terms.

The 7 properties that do not have a lease-option in place represent the remaining $424,400 of the purchase price. These homes represent an additional $62,900 of potential gross yearly income.

This portfolio is part of a larger 74 property portfolio that contains homes throughout southern Indiana, which is also being offered in smaller groupings. The other groupings can be seen here:

-Properties in Martin & Lawrence Counties - ICREX # 28710500
-Properties in Monroe & Morgan Counties - ICREX # 28710505

And the complete 74 property portfolio can be seen at ICREX # 28705594

Please contact listing agent for additional details and financial information