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Listed by Lisa Phillips • Compass Indiana, LLC
$1,000,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Irvington
MLS Listing ID 22077777
Year Built 1948
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Quadruplex
Property Description
Unbeatable investment opportunity to own a 6-unit building in the prime of the historic Irvington district. Perfectly positioned on a quiet residential street just 1.5 blocks from Irvington's vibrant center, this property is close to popular restaurants, cafes, and local shopping. 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. Currently operating as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, this 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 with other properties also operating as mid-term furnished rentals (15 units in total) with the others being: 1305 Ringgold (duplex with 3br/3.5ba townhouses), 717 Randolph (duplex with 2br/2ba townhouses), 1525 Kennington (duplex with 3br/2ba townhouses) and 1529 Kennington (2br/1ba SFH) - a total of 15 units producing high revenues.
Location
State IN
County Marion
Interior
Fireplace N
Building
New Construction false
Schools
School District Indianapolis Public Schools
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