Fantastic opportunity for investors to own a revenue-generating four-plex just minutes from downtown Indianapolis. Each unit offers 1 bedroom and 1 bathroom, with three of the four units currently leased through 2026, providing built-in stability and dependable income. The fourth unit is vacant and ready for occupancy, offering immediate upside… Read More potential for increased cash flow. Recent updates have been completed in three units, including new flooring, appliances, and fresh paint throughout. The vacant unit is one of the recently renovated spaces, making it move-in ready for a new tenant. Current monthly rental income totals $3,577 with the three occupied units. Once the vacant unit is leased, total income has the potential to rise significantly, further enhancing the property's strong performance. The property's convenient location provides quick access to downtown Indianapolis, employment centers, shopping, dining, and entertainment. With stable long-term leases in place and room to increase income, this property is an excellent addition to any investor's portfolio. Tenants Rights Apply. Read Less
Courtesy of CENTURY 21 Scheetz.
Listing Snapshot
Days Online
12
Last Updated
Property Type
Quadruplex
Lot Size
0.1 Acres
Year Built
1920
MLS Number
22063313
Additional Details
Basement
Unfinished
Building
Built in 1920, Levels: One, Construction Materials: Vinyl With Brick
Cooling
Window Unit(s)
Expenses
Insurance: $2,175
Exterior Features
Not Applicable
Foundation
Block
Heating
Electric
Laundry
Laundry Room
Lot
0.1 acres, Sidewalks, Street Lights, Mature Trees
Owner Pays
All Utilities
Parking
Alley Access
Property
Updated/Remodeled
Taxes
Additional parcels description:, Parcel Number: 491005106053000101, Legal Description: Lukenbills E 10th St Add L43, Lot: L43, Year: 2024
Tenant Pays
Cable TV, Insurance
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