AVAILABLE Properties
4107 Weaver Ave, Indianapolis, IN 46227
OFF-MARKET RENTAL or BRRRR OPPORTUNITY
LEASE SECURED THROUGH FEBRUARY 28, 2027 (LONGTERM TENANT)
Deal Overview
Turnkey investment opportunity in Indianapolis with a longterm tenant already in place paying $1,525/month. This well-maintained 3-bedroom, 1-bath home offers immediate cash flow from day one with no major repairs needed. Located near the University of Indianapolis, Garfield Park, Downtown Indianapolis, and Fountain Square, the property is well positioned for long-term rental demand.
BRRRR Investment Opportunity
Turnkey Cash-Flowing Rental with Built-In Equity & Refinance Potential
This is an excellent opportunity for a buy-and-hold investor looking to add a stabilized rental to their portfolio. Skip the rehab, collect rent from day one, and take advantage of built-in equity with the potential to refinance and recycle capital into your next deal.
BRRRR Strategy
Buy
Acquire a turnkey rental below market value.
Rehab
Property is already in excellent condition and income-producing. Property could use cosmetic updates only.
Rent
Existing tenant paying $1,525/month.
Annual Gross Rent: $18,300.
Refinance
Estimated market value: ~$181,900
Purchase price: $155,000
Built-in equity: ~$26,900
Potential refinance:
75% LTV: Approximately $136,425 loan proceeds
80% LTV: Approximately $145,520 loan proceeds
A refinance at current market value could allow an investor to recover a substantial portion of their initial investment while continuing to own a cash-flowing asset.
Repeat
Redeploy recovered capital into the next acquisition while maintaining long-term rental income.
Investment Highlights
Immediate cash flow from closing
Tenant already in place
No rehab costs
Built-in equity at purchase
Ideal for DSCR or long-term buy-and-hold investors
Strong Indianapolis rental market
infrastructure & UTILITIES
• Roof: In very good condition | Replaced 10 year or less
• Plumbing: Updated within last 5 years, sewer line replaced
• Electrical: Updated
• Hot water heater: Good working order
• Appliances: All kitchen appliances are included in sale.
PROPERTY Details
Sq. Ft: 1,084 Sq Ft
Bedrooms: 3
Bathrooms: 1
HOA: None
Occupancy: Rented to longterm tenant at $1525/ month plus all utilities
asking price
Cash/Hard Money - Can provide lender offering competitive rates if needed
Multiple Exit Strategies!
ARV: $175k-180k
Asking Price: $160k
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Annual Operating Expenses
Property Taxes: $2,000
Insurance: $1,799
Maintenance: $500
Total Annual Operating Expenses: $4,299
Investment Metrics
Estimated Cap Rate: 8.75%
Gross Rent Multiplier (GRM): 8.74
Monthly Gross Income: $1,525
Annual Gross Income: $18,300
Property ARV: $200k–220k (based on recent sales)
closing/touring details
$5k EMD to title upon execution of assignment of purchase agreement
Tour available upon request.
Close of escrow by 8/10
Overview
Turnkey Section 8 investment opportunity in Garfield Heights with a long-term tenant already in place paying $1,549/month. The property has been well maintained with recent kitchen and bathroom updates, a detached 2-car garage, and offers immediate cash flow from day one.
Why This Deal Makes Sense
Stable Section 8 tenant in place for 4 years with consistent payment history
Current rent of $1,549/month
Tenant pays gas & electric
Passed most recent Section 8 inspection on May 31
Detached 2-car garage adds tenant appeal and long-term value
Value Add Opportunity
Increase property value through completion of the Garfield Heights Point of Sale violations
Opportunity to value add with cosmetic finishes over time
Potential for future rent increases as Section 8 payment standards adjust
Strong long-term appreciation potential in a stable rental market
Exit Strategies:
Buy & hold with immediate cash flow
Long-term Section 8 rental
BRRRR after completing POS repairs and seasoning
Refinance into a stabilized rental portfolio asset
Rare off-market deal, deals in this pocket move quickly — especially with this kind of spread and upside. Looking to move fast. Reach out for access before it’s gone.
AREA INSIGHTS
Real Estate Market Trends:
Stable Rental Market
Indianapolis continues to rank among the Midwest's strongest rental markets, driven by steady population growth, a diverse employment base, and affordable housing compared to many major metropolitan areas. The south side of Indianapolis, including the 46227 area, remains a popular choice for both local and out-of-state investors seeking dependable cash flow and long-term portfolio growth.
Strong Relative Value
Properties in the 46227 zip code offer an attractive balance of affordability and income potential. Compared to many higher-priced markets, investors can achieve stronger cash flow while benefiting from consistent rental demand. These fundamentals continue to make the area an excellent target for buy-and-hold investors.
Immediate Cash Flow
Tenant-occupied properties allow investors to begin generating income immediately while avoiding vacancy, leasing costs, and renovation delays. With a tenant already paying $1,550 per month, this property provides predictable cash flow from day one while minimizing operational risk.
Value Add Opportunity
Although the property is in great condition today, investors can continue increasing value through future rental adjustments, strategic cosmetic improvements as needed, and long-term market appreciation. As rental demand continues to grow throughout Indianapolis, opportunities remain for increased income and equity growth.
Long-Term Growth
The 46227 market continues to attract investor interest due to its affordability, proximity to Downtown Indianapolis, the University of Indianapolis, major employers, healthcare systems, and convenient interstate access. Limited housing supply and consistent rental demand continue to support long-term appreciation alongside dependable cash flow.
Investor Summary
The Indianapolis 46227 market offers a compelling investment profile built around immediate cash flow, affordable acquisition costs, and long-term rental demand. With a tenant already in place, no major repairs needed, and strong rental fundamentals, this property presents an attractive opportunity for investors seeking both dependable monthly income and long-term appreciation.growth.