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Listed by Jacob Deacon • eXp Realty, LLC
$ 415,000
Est. payment /mo
Active
522 Prospect ST Indianapolis, IN 46203
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Hendricks
MLS Listing ID 22053037
Year Built 1923
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Triplex
Property Description
This fully furnished triplex at 522 Prospect Street presents an excellent opportunity for investors looking for a strong income property with even more potential ahead. Featuring two 2 bed/1 bath units and one 1 bed/1 bath unit, the property has received updates including new flooring, modern kitchens, a new roof, water heater, and furnace. All furnishings are included in the sale, offering a streamlined setup for the next owner. Previously operated as an Airbnb with a proven track record of success, it carries a projected monthly revenue of $6,575 according to AirDNA. Situated near Eli Lilly headquarters and just blocks from Fountain Square and Downtown, it's positioned for high demand. The seller is offering an escrow holdback to support repairs needed and is willing to negotiate terms to help the right buyer maximize long-term returns. Being sold as-is, this property provides multiple options for use and income generation, making it a standout investment in a prime location.
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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