18
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Listed by Mark Harris • CENTURY 21 Scheetz
$399,999
Est. payment /mo
2,200 SqFt
Active
3178 N Capitol AVE Indianapolis, IN 46208
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Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $181
MLS Listing ID 22017010
Year Built 1925
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi-Family 5+
Property Description
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.
Location
State IN
County Marion
Zoning D-8
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling Central Electric
Fireplace N
Exterior
Garage Spaces 1.0
Utilities Available Cable Available, Electricity Connected, Gas Nearby, Gas
View Y/N true
Roof Type Asphalt,Shingle
Building
Story 1
Architectural Style TraditonalAmerican
Structure Type Aluminum Siding
New Construction false
Schools
Middle Schools Northwest Community Middle School
School District Indianapolis Public Schools
Others
Virtual Tour https://youtu.be/8BUAfGrofOc
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