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Listed by Elizabeth Ewbank • Highgarden Real Estate
$ 425,000
Est. payment /mo
Pending
546 Eastern AVE Indianapolis, IN 46201
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision Holtman & Topps
MLS Listing ID 22054992
Year Built 1910
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Quadruplex
Property Description
This cash-flowing quadruplex is an excellent investment opportunity in the St Clair Place area! With one unit being vacant and recently renovated to be move-in ready, this could be a perfect house hack for someone who wants to live in one side and let the other three units pay their mortgage or for the savvy investor who wants to enjoy steady cashflow and a healthy cap rate. These (four) 1 bedroom/1 bathroom units bring in an annual gross income of $42,000 (using the rent potential for the updated vacant unit) and have great tenants who are current on and timely with rent. There are two main level units and two upper units; Unit D on the main level has just been updated with new carpet, new luxury vinyl plank flooring, and fresh, crisp paint on the walls and trim and is available for showings. The off-street parking in the back lot is a big plus for renters, and each unit has its own laundry connection, oven/range and refrigerator. This investment is a great chance for ease of ownership and stable cashflow with growth potential in a gentrifying area!
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
Architectural Style Traditional
Structure Type Aluminum Siding
New Construction false
Schools
School District Indianapolis Public Schools
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