Turn Key Quadplex Investment Opportunity at 1921-1923 LaSalle Street, Indianapolis Attention serious investors seeking immediate cash flow and long term stability. This fully occupied quadruplex presents a rare opportunity to acquire a high performing, fully renovated asset with dependable income, strong tenant demand, and minimal deferred maintenance.… Read More The property currently generates 4,138 dollars in monthly gross income, totaling 49,656 dollars annually. The income stream is anchored by high performing Section 8 units, providing reliable government backed payments and reduced vacancy risk. Unit 1921A generates 1,188 dollars per month and Unit 1923A generates 1,250 dollars per month, making them the two highest grossing units in the building. Additional income includes Unit 1921B at 900 dollars per month and Unit 1923B at 800 dollars per month. This property has undergone extensive renovations, allowing the next owner to step into a truly turn key investment. Major capital improvements include a new roof, new siding, new windows, updated electrical, updated plumbing, new flooring, new drywall, fresh paint, and numerous additional interior and exterior upgrades throughout the property. The renovations significantly reduce future maintenance concerns while enhancing tenant appeal and long term asset value. Beyond the strong financial performance, the property offers an attractive blend of stability and appreciation potential. Conveniently located near downtown Indianapolis with quick access to major employers, transit routes, dining, and redevelopment activity, 1921-1923 LaSalle is well positioned for continued rental growth and long term equity appreciation. Whether you are completing a 1031 exchange, expanding your rental portfolio, or seeking a stabilized multifamily investment with immediate income, this property delivers the combination of cash flow, renovations, and location that investors are actively searching for. Fully renovated, income pr Read Less
Courtesy of La Terre Boutique.
Listing Snapshot
Days Online
15
Last Updated
Property Type
Quadruplex
Lot Size
0.12 Acres
Year Built
1926
MLS Number
22101023
30 Days Snapshot Of 46218
$165k
+10%
(avg) sold price
32
+28%
homes sold
98
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Construction Materials: "Brick", Year Built: 1926
Lot
Acres: 0.12, MLS Acres: <1/4 Acre
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.