New-construction duplex opportunity in Holy Cross on Indianapolis's near eastside, adjacent to the historic Woodruff Place district. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,695 per unit is supported by 3-bedroom comparables within 2 miles, many clustered within a half mile. Pro forma: $40,680 gross potential rent, $28,654 estimated NOI at 5% vacancy and 8% management. Walkable to Washington St and English Ave shops and restaurants, about two miles from downtown. 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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