3178 N Capitol Avenue
Indianapolis, Indiana 46208, United States

MLS#: 22017010

$399,999 USD

The details

Property features

Date Updated: Jan 10, 2025

Construction details

Year built
1925
Roofing
composition/shingle
Shingle-Asphalt

Area

Land/Lot size
486m² (0.12ac)
Heating system
Forced Air

Description

CHARMING QUINTUPLE MULTI-UNIT PROPERTY! A PRIME INVESTMENT PROPERTY! Take a look at this well-maintained 5 unit-property, a fantastic opportunity for both investors and homeowners looking to generate rental income. Each of the five units offers spacious living with a comfortable living room, bedroom, and kitchen, along with separate entries for added convenience, safety and privacy. The property features several key updates, including new roof, windows, doors, electrical/plumbing, water heater and electric baseboard heating system all completed in 2022. Freshly painted interior creates a bright and inviting atmosphere- perfect for the renter's ambiance! With its attractive curb appeal, this property is sure to catch the eye of both tenants and visitors, Ideal for those looking to invest in a high demand rental property or offset living expenses. With each unit currently leased at $1000 per month (effective 1/4/25), the property promises a steady stream of income with a great CAP rate (10.95%)!With its prime location, low-maintenance and excellent rental income, this property is a rare find in Indianapolis. Don't miss out on this great opportunity.

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Location

3178 N Capitol Avenue, Indianapolis, Indiana 46208, United States
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