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Listed by Tasheana Hanza • Hanza Realty, LLC
$ 290,000
Est. payment | /mo
0.28 Acres Lot
$ 290,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Carter Sub Robson & Vorhees
MLS Listing ID 22045368
Year Built 1925
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Quadruplex
Property Description
Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Garage Spaces 1.0
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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