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Listed by Tyler Lingle • @properties
$330,000
Est. payment /mo
1.05 Acres Lot
New
5713 Bluff RD Indianapolis, IN 46217
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22029424
Year Built 1929
Tax Year 2023
Lot Size 1.050 Acres
Acres 1.05
Property Sub-Type Fourplex
Property Description
Prime opportunity for a cash flowing 4-unit property in Perry Township school district, a safe, quiet neighborhood on Indy's southside. This property is actually 2 free standing properties (one with 3 units and one with 1 unit). With three of the four units rented at the same competitive rate, you'll benefit from a steady, predictable income stream. Unit A, the highest rent unit, and Unit B will soon be available for lease, offering the potential for even greater returns. The property also features separate gas and electric meters, ensuring tenants pay for their own utilities, which keeps your expenses low. With septic and well water systems in place, operational costs are further streamlined. Investors / Agents -- Pro forma with actual market rents is attached. Current leases / rents: 1-bed Unit: $750 lease ending 10/31/25, 1-bed Unit: $640 lease ending 9/30/25, 1-bed Unit: $885 lease ending 3/31/25 (vacating). 2 Bed Unit is up for rent, last rented for $1135, could be bumped to $1150-1200.
Location
State IN
County Marion
Rooms
Basement Daylight/Lookout Windows, Unfinished
Interior
Heating Forced Air
Cooling Central Electric
Fireplace N
Building
Story One
Foundation Block
New Construction false
Schools
School District Perry Township Schools
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