3614 E Washington Street, Indianapolis, IN 46201
- $290,000
- 2,288
- SqFt
- List Price
- $290,000
- Price Change
- ▼ $20,000 1775590953
- MLS#
- 22042720
- Property Type
- Commercial Sale
- Sqft. of Residence
- 2,288
- Year Built
- 1925
- Days on Market
- 464
- Status
- ACTIVE
Property Description
Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.
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Additional Information
- Basement
- Storage Space, Unfinished
- Stories
- Two
- Acres
- 0.28
- Heat
- Forced Air
- Cooling
- None
- Financing
- Conventional
- Region
- Center
Listing courtesy of Tasheana Hanza from Hanza Realty, LLC
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