Happy Friday, 🌱
Right now I am noticing a spike in activity in our market. Rates are as low as they have been in 3 years. Sellers are more motivated than ever. Inventory is higher than it has been in 6 years. There is a real opportunity to make a move. This January has been red hot and it will only get busier from here. If you are making a move this year it is time to wake up.
Why Indy? Read the lagging reports. Our growth is unlike anywhere else. You buy here for appreciation today and cash flow by 3. If active investing is a drag reply back we are looking for partners.
P.S. - We have a fully occupied portfolio for sale of turn key rentals that is really intriguing. Please reply back if you are interested. It is under a million and average rents are $1,418 (5 doors)
If even slightly interested in one of these deals hit reply! I would love to have a conversation, even if it’s just out of curiosity.
SECTION ONE: Value Add
Property 1: 941 W 25th St + 2 lots - $130k
• 3 bed / 1 bath single-family
• Interior fully gutted — ready for rehab
• Newer roof, gutters & soffits
• Electrical updated
• Kitchen plumbing updated
Value Add:
• Sits on a double lot
• 2-car detached garage
• Package deal includes an additional adjacent lot
Total: 3 lots
The Play - Buy the property, fix it up. Sell the additional lots for $35k a pop. Spend $50k on the reno to refi at $190k. With the advantage of selling the lots it makes this a creative BRRRR.
Property 2: 818 N Oakland Ave - $130,000
• Today it sits as a 3 bed 1 bath.
• It is livable however there is certainly room for improvement.
• It needs $20k - $35k to make it shine.
The Play:
With the increase in value added you can achieve the rents demanded in the area. I feel this would likely be best suited as a delayed BRRRR or flip. Put the cash in today and let it ride up with Indy.
SECTION TWO: Turn Key
Property 1: 1948 Bloyd Avenue - $149,900 (Off Market)
• Renovated in the spring of 2024
• Brand new everything on the interior
• There is currently a tenant in place paying $1,795/month
Property 2: 1260 Hiatt - $189,999 (On Market)
Recently renovated by the same seller as above if you cant notice in the finishes. He would be willing to have the purchase be contingent on the ability to place a tenant for $1950 a month.
As always, we’re here to help you plant roots the right way — whether that’s your first rental or your next scalable move. Here’s our Indy Investor Resources (guides, podcasts, courses, events coming soon, you name it).
Need an Agent? Talk about your Strategy / Goals? —> Roots Realty Co. Website
Follow along with us —> Connect with us on Instagram
Follow along with us —> Connect with us on LinkedIn
Roots Realty Co. is the investment-minded, education-first brokerage team in Indianapolis. We offer buying, selling, investing services, as well as one-of-a-kind educational content and networking opportunities. Get plugged in, just go to our website and book a chat!
PS - I’d love your feedback. How can we better set up this deal sheet? What would you like to see more of? - Max & Trace (Roots Deal SheetTeam)
