3178 N Capitol Avenue, Indianapolis, IN 46208
sale
$399,999
|
Multi-Family
Listed By CENTURY 21 Scheetz
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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Property Features
- Basement: Unfinished
- Cross Docks: N
- Exterior Description: Aluminum Siding
- For Auction: N
- Garage Count: 1 Car Garage
- Heating Type: Forced Air
- Lot Size In Text: 0.12 Acres
- MLSID: 22017010
- Parking Places: 0
- Price Per Area: 0.00
- Price Upon Request: N
- Roof: Asphalt Shingle Roof
- Roof: Composition Shingle
- Style: Other Style
- Sublease: N
- Tax Year: 2023
- Year Built: 1925
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