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Listed by Lisa Phillips • Compass Indiana, LLC
$ 2,900,000
Est. payment | /mo
4,032 SqFt
$ 2,900,000
Est. payment | /mo
4,032 SqFt
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,032 sqft
Price per Sqft $719
MLS Listing ID 22094621
Year Built 1948
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Multi-Family 5+
Property Description
Unbeatable investment opportunity to own this 6-plex as a package with other Indy properties operating as mid-term furnished rentals (15 units in total)- 1305 Ringgold (duplex with 3br/3.5ba townhouses), 717 Randolph (duplex with 2br/2ba townhouses), 1525 Kennington (duplex with 3br/2ba townhouses),1529 Kennington (2br/1ba SFH) and 5724 Julian each of the six 1 bedroom/1 bathroom units have been thoughtfully renovated a few years back. As part of the renovations, the basement was transformed to create a laundry room, supplies room and storage rooms. Additional highlights include a parking lot with 6 dedicated parking spaces at the rear of the property with space for 2 extra spots. All properties currently operate as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, these property presents a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rentals. Preference is to sell this 6-plex as a package.
Location
State IN
County Marion
Zoning D6
Interior
Cooling Separate Meters
Fireplace N
Exterior
Garage Spaces 4.0
Utilities Available Sewer Connected
Building
Story One
Foundation Block
Architectural Style Ranch
Structure Type Wood Siding
New Construction false
Schools
School District Indianapolis Public Schools
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