I have a 12- 1 bedroom unit in indianapolis that can be converted to 6- 2 bedroom units with a studio or 4- 3 bedroom units or just whatever is deemed the highest and best use of the building. it is on a corner that is just north of the downtown area in a neighborhood that is under going a big up serge. the building is free and clear except the taxes. i had a contractor give me an estimate and he said about $300,000 to rehab the building and then it would be worth about $750,000. total cost for the project about $335,000
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