This building is currently set up as 8 units - 4 1bd 1bath and 4 3bd 1.5bath apartments. Based on the rent schedule for the apartment complex immediately to the East of this building & current Section 8 allowable rents you can expect Gross Rents to be at $180,000yr (@100% occupancy). This is a money maker. Once the rehab/cash out is complete you'll have a Building worth 1.7 to 2.3mil with a 6 to 8 cap rate. The Building was stabalized & the roof was torn off & replaced in the summer of 2024. The East side of Indianapolis is considered a good rental area with grocery choices, shopping, mass transit (1 blk away) and entry level and labor jobs available close by.