presented by presidio apartments inc investments llc...6220 e 11th st, indianapolis, in 46219...
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6220 E 11th St, Indianapolis, IN 46219
Presidio ApartmentsPresented byINC Investments LLC
33 units building (31) 2BR and (2) 3BR completely
or any repairs needed
renovated including common areas, halls andlaundry rooms, new kitchens, appliances,bathrooms, plumbing and heating all bread new.Property is at 100% occupied and withno deferred maintenance .The property is surrounded by residential and located within close proximity to shopping,numerous amenities and in the warren park neighborhood minutes from the Irvington and short drive to downtown Indianapolis. Strong NOI and very high Cash-on -Cash return. All tenants were screened and approved byownership. Rents are approximately $30-$50 per unit below market and tenants are not billed for water, sewer and trash. Existing Loan with very attractive terms can be assumed by buyer.
100% Leased, Fully renovated
High CAP
Fully Occupied
Fully Renovated
Surrounded by residential
Roofs were replaced in 2016
Itamar Cohenicemail1@aol.com(317) 513-5202
INC Investments LLC2325 Pointe PkwyCarmel, IN 46032
6220 E 11th St, Indianapolis, IN 46219
Presidio Apartments
Building Photo
Building Photo
Unit/Room Mix Information
Description No. Units Avg. Rent/Mo Sq. Ft
6220 E 11th St, Indianapolis, IN 46219
Presidio Apartments
2+1 31 $650 800
3+1 2 $700 975
Building Photo image3
6220 E 11th St, Indianapolis, IN 46219
Property Photos
Presidio Apartments
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6220 E 11th St, Indianapolis, IN 46219
Property Photos
Presidio Apartments
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6220 E 11th St, Indianapolis, IN 46219
Property Photos
Presidio Apartments
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6220 E 11th St, Indianapolis, IN 46219
Property Photos
Presidio Apartments
6220 E 11th St, Indianapolis, IN 46219
Location
Presidio Apartments
6220 East 11th street, Indianapolis IN
CAP RATECASH ON CASH TYPE #UNITS SF CURRENT RENT INCRESED WATER 2BR 31 850 637 700 30 3BR 2 975 687 750 35 21,120 23,200 1000
CURRENT AVERAGE 33 UNITS @ $640/UNIT 2020 INCRESED AVERAGE 33 UNITS @ $703/UNIT
7.11% 8.35% 10.00% 13.65%
INCOME ANALYSIS DESCRIPTION AMOUNT AMOUNT 2019 2020 GROSS BASE RENT $254,520.00 $278,400.00 LAUNDRY $6,660.00 $6,660.00 WATER CHARGES $0.00 $12,000.00 LATE FEES $325.00 $1,680.00 TOTAL GROSS INCOME $261,505.00 $298,740.00 SCHEDULED INCOME $261,505.00 $298,740.00 EXPENSES TAXES $7,773.00 $7,773.00 INSURANCE $5,780.00 $5,780.00 MAINTENANCE & REPAIRS $13,800.00 $13,800.00 UTILITIES $20,676.00 $20,676.00 TOTAL EXPENSES $48,029.00 $48,029.00 NET INCOME $213,476.00 $250,711.00 DEBT SERVICE $114,300.00 $114,300.00Pre-Tax Cash flow
$99,176.00 $136,411.00
101 Tanisha Stovall 317-772-0903 650.00$ $650.00 11/01/19-10/31/2020 2
102 S. Pepper, G. Williams 317-701-1293 650.00$ $650.00 10/1/19-9/30/2020 2
103 Jazmine Miles 317-345-9255 650.00$ $650.00 09/1/19-8/31/2020 2
104 Charika Albridge 317-341-2277 650.00$ $650.00 11/1/19-10/31/20 2
105 Vincent Carr 931-472-9692 635.00$ $635.00 10/2/19-9/30/20 2
106 Ashley Stanford 317-737-3733 650.00$ $650.00 9/21/19-8/30/2020 2
302 Karl Steenbergen 317-698-0452 650.00$ $650.00 11/30/2019-11/30/2020 2
6220 E 11th Street Rent-Roll
107 Charlene Henson 317-488-8780 $ 650.00 $650.00 11/1/19-/10/31/2020 2
108 Tina Garrard 317-698-4222 $ 650.00 $650.00 9/21/19-8/30/2020 2
109 Belinda Boyd 317-332-5869 $ 650.00 $650.00 10/20/19-9/30/2020 2
110 Sequra Johnson 317746-2400 $ 650.00 $650.00 10/4/19-9/30/2020 2
111 Cherrelle Orr 317-792-3997 $ 650.00 $650.00 10/4/19-9/30/2020 2
201 David Mayes 317-970-0184 $ 625.00 $625.00 4/6/19-3/30/2020 2
202 John Rouch 317-665-8531 $ 625.00 $625.00 5/23/19-4/30/2020 2
203 kikeea Brisco 317-992-0223 $ 600.00 $650.00 4/15/19-3/30/2020 3
204 Kenyelle Mason 317-354-9649 $ 625.00 $625.00 S/1/19-4/30/2020 2
205 Demetria Hard 317-362-2015 $ 625.00 $625.00 6/15/19-5/30/2020 2
206 Eli Burns 317-795-7281 $ 625.00 $625.00 4/5/19-3/30/2020 2
207 Ja' Shon Perry 463-210-4203 $ 625.00 $625.00 5/1/19-4/30/2020 2
208 Dennis Mayes 317-938-7990 $ 625.00 $625.00 4/6/19-3/30/2020 2
209 Tina Pace 317-332-3437 $ 625.00 $625.00 6/12/19-5/30/2020 2
210 Michael Pratt 317-833-9933 $ 625.00 $625.00 5/8/19-4/30/2020 2
211 Ashely Jones 312-522-5280 $ 625.00 $625.00 4/19/19-3/30/2020 2
301 Berona Flynn 463-212-0023 $ 650.00 $650.00 12/11/2019-11/31/2020 2
0.00 $650.00 11/09/2019-10/30/2020 2
Unit# Tenant Phone Deposit Rent Lease Dates BR SIZE SF
303 Michelle Huckabee 773-876-0020 $ 675.00 $675.00 10/30/2019-10/30/2020 3
304 Montez Hubbard 317-200-8491 $ 650.00 $650.00 10/30/2019-10/30/2020 2
305 Anthony Graves 317-986-0559 $ 650.00 $650.00 12/12/2019-11/30/2020 2
306 Jashua Curtis 317-960-6832 $ 650.00 $650.00 11/16/2019-10/30/2020 2
307 Siarra Gilbert 317-833-3837 $ 650.00 $650.00 10/30/2019-10/30/2020 2
308 Linda Williams 317-658-8915 $ 650.00 $650.00 12/3/2019-11/30/2020 2
309 Nichol Bonds 317-954-3237 $ 650.00 $650.00 12/2/2019-11/30/2020 2
310 Travis Armes 317-734-1901 $ 650.00 $650.00 12/11/019- 11/30/2020 2
311 Anqenica Nichols 317-777-9391 $ 65
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