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Listed by Justin Wade • BLK Key Realty
$ 290,000
Est. payment /mo
Pending
2209 E New York ST Indianapolis, IN 46201
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision Johnson & Hogshire
MLS Listing ID 22069409
Year Built 1900
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Quadruplex
Property Description
Welcome to 2209 E New York Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. Unit 2209B already features an in-unit washer/dryer, and there is potential to add laundry hookups to the remaining three units a simple value-add play to bump rents even higher. Perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.
Location
State IN
County Marion
Interior
Heating Forced Air
Fireplace N
Exterior
Roof Type Shingle
Building
Story Multi/Split
Foundation Full, Block
Architectural Style Split Level
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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