Multi-Family in Indianapolis For Sale

Multi-Family for Sale
Catylist Listing ID: 30844136
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 2,774 SF
Gross Building Area: See Agent
Sale Price: $440,000
Unit Price: $88,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/26/2023

Overview / Comments

A profitable investment with long-term, valued tenants. This 5-unit multi-family property is 2 miles east from downtown Indianapolis, 2 miles north of Fountain Square, north or Arsenal Heights and Holy Cross. Many updates have been completed. Including but not limited to a new roof, new siding in some areas, new gutters, new soffits, replaced plumbing to the street, replaced gas lines and a new electrical panel.

The front building holds 4 units. The garage was converted into a unit. There are many newly developed residential and commercial properties nearby.

The property is 100% occupied. The new owners would have to honor and respect the leases. Tours are scheduled in advance and all tours must show proof of funds prior to touring the property. All tenants are current with their rents and are exceptional tenants. A breakdown of financials and leases are available to buyers who have submitted proof of funds or financing.

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Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Tax ID/APN: 49-10-06-132-018.000-101
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1910
Heat Type: Electricity
Heat Source: Central
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,450 122,468 282,637
Median Age: 33.92 33.98 34.85
Households: 8,157 50,313 113,874


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