Package Deal: Two SFRs on One Parcel (Parcel Split in Progress) | 2x (2 Bed / 1 Bath) Property Snapshot Type: Two Single-Family Homes (2/1 Each) on Shared Parcel – Separate Gas/Electrical Meters; Garage (Assigned to 303 per Plat, Appears for 4321); Parcel Split Started (New Survey/Plat Prepared at $6K Cost, Filing ~2 Months) Sqft: ~600+ Each (Total ~1,200+) | Lot: Combined (Exact TBD Post-Split) Year Built: 1950s **Part of a PORTFOLIO: Make an Offer on all 3 or 4 of them & get a DEAL Bertha St. Comes with a Garage! Condition: Turnkey – Remodeled Kitchens/Baths, New LVP Flooring, New Carpet, New Siding, Fixtures/Outlets/Doors, Appliances Included, New Mini-Split HVAC (Heat/AC), Working Furnace, Washer/Dryer Hookups, Blinds Installed; Updated Plumbing/Electrical; 4321 New Roof, 303 Solid Roof (No Leaks); Plenty Parking Occupancy: Vacant Gross Rents: N/A (Vacant; Potential $2,400–$3,000/mo LTR Combined; $3,000–$4,000/mo STR) ? UPDATES: Separate Gas And Electrical Meter Started The Process Of Splitting The Parcel Up Paid Already For New Survey And Prepared Plat, - Approx 2 Months Remodeled Kitchen Remodeled Bathrooms New Lvp Flooring New Carpet New Siding New: Fixtures, Outlets, Doors New Appliances New Mini Split– Sufficient To Run The Whole Unit For Both Hot And Cold Also Has Working Furnace Washer Drier Hook Ups Blinds Have Been Installed. 4321 Bertha Got A New Roof 303 S Fleming Has A Solid Roof Both Have Plenty Parking Updated Plumbing And Electrical Visual Overview (Based on Attached Photos): The properties are two adjacent single-story bungalows on a shared lot, with beige siding, black shingled roofs (one newer), and grassy yards with chain-link fencing. 4321 Bertha features a front porch, driveway parking, and appears to have the detached garage (white with roll-up door, interior shelving/storage). Interiors show ongoing remodel: LVP wood-look flooring in main areas, fresh white walls, modern white shaker cabinets in kitchens (with stainless appliances like fridge/stove not always pictured), updated baths with vanities, tiled showers, and mirrors. Bedrooms have carpet, ceiling fans, and closets. Utility spaces include hookups and mini-splits mounted. Overall, clean, bright, and nearly complete with some materials/tools visible, highlighting turnkey potential. ? Valuation & ARV Range ARV Estimate (Combined as Package): $395,116 ARV Estimate (Post-Split, Each): $197,558 ? RENTAL INFO: Gross Income (Combined LTR): $2,600/mo = $31,200/yr Gross Income (Post-Split Duplex-Style): $3,000/mo = $36,000/yr Est. Expenses (30-35%): $9,360–$12,600/yr (Taxes ~$2,000/yr Combined, Insurance/Maintenance) NOI (Combined): ~$21,840/yr | NOI (Post-Split): ~$25,200/yr Est. DSCR: 1.30–1.50 (Combined) / 1.50–1.70 (Post-Split) Based on 20–25% Down, 7.25–7.5% Rate, 30-Yr Amortization Qualifies for DSCR; Split Boosts NOI for Stronger Qualification ? Investor Highlights ? Turnkey Package: Remodel Started & Completed – Modern Finishes (LVP/Carpet, Mini-Splits, Appliances) for Immediate Rental/Flip; Separate Meters Minimize Expenses ? Rental Layout: Each 2BR/1BA (Compact, Efficient); Rent by Room: $500–$700/BR (Total $1,000–$1,400/Property; Combined $2,000–$2,800/mo for Shared Housing) ? Max Rents (LTR): Each $1,200–$1,500/mo (Section 8/Standard; Combined $2,400–$3,000/mo); Airbnb/STR Max: Each $100–$130/night (50–60% Occ. ~$1,500–$2,000/mo ? Gross/Property; Combined $3,000–$4,000/mo w/ Events Boost) ? Amenities: Near IU Indianapolis (Medical Staff/Students), IU Health Methodist Hospital (1 mi – Corporate Rentals), Ascension St. Vincent (Nearby), Indianapolis Airport (5 mi – Travel Workers), Corporate Areas (Downtown Indy 10 mi) ? Value-Add Plays: Complete Parcel Split (~2 Months) for Separate Titles/Sales (Boost ARV 10–20%); Convert to Duplex if Not Splitting; Add Fencing for Privacy; BRRRR for Equity Pull; Flip Post-Split for Profit ? Pros & Convincing Factors: Cash Flow Day 1 (Turnkey Rentals); Low All-In ($277K for Two Homes); Strong Spread ($118K–$118K Combined at $197,558 Each); Growing 46241 ? Market (25% Price Rise YoY); Airport Proximity for STR Demand; Separate Meters = Tenant-Paid Utilities; Garage/Parking Add Appeal; Motivated Seller – Flexible Pricing; Clean Title, Vacant Access; DSCR-Qualified for Passive Investors; Upside in Rents (Indy Avg Up 5–10% YoY) ? Westside Indy Location; Steady Demand Near Airport/Hospitals ? Rehab Estimate: $0 (Turnkey); +$5,000–$10,000 (Split Completion/Enhancements) ? Why This Deal Works for Investors ? Turnkey Remodel – New Roofs/Siding/LVP/Carpet/Mini-Splits/Appliances/Plumbing/Electrical ? Parcel Split in Progress (Boost ARV 10–20% for Separate Sales) ? Strong Spread: Low All-In for High ROI (Flip/BRRRR) ? Rental Plays: LTR/Section 8/Airbnb/Rent by Room (Near Airport/Hospitals) ? Separate Meters/Garage/Parking; Amenities Boost Demand ? Motivated Seller Flexible; Clean Title/Vacant ? DSCR-Qualified; Growing 46241 Market ? Quick Numbers Recap ?Rehab: $0–$10K ? ARV: $395,116 ? Rent Potential: $2,400–$3,200+ ? ROI Range: 10–20%+ Depending on Strategy ? Looking for More Off-Market Inventory? We offer: ? Single-Family Rentals ? Duplexes, Triplexes, & Quads ? Turnkey Cash Flow Properties ? Light-to-Heavy Rehab Projects ? Creative Financing & Seller Carry Deals ? Browse full inventory at: www.reioffer.net ? ? Contact Jamie Franklin | Acquire JDF Corp | 317-610-9834