5724 Julian Avenue, Indianapolis, IN 46219

$2,900,000
4,032
SqFt

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List Price
$2,900,000
MLS#
22105936
Property Type
Commercial Sale
Sqft. of Residence
4,032
Year Built
1948
Days on Market
49
Status
ACTIVE

Property Description

Unbeatable investment opportunity to own this 6-plex as a package with other Indy properties operating as 4.8-star and above airbnb and get their ratings. These mid-term furnished rentals (15 units in total)- 1305 Ringgold (duplex with 3br/3.5ba townhouses), 717 Randolph (duplex with 2br/2ba townhouses), 1525 Kennington (duplex with 3br/2ba townhouses),1529 Kennington (2br/1ba SFH) and 5724 Julian 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. All properties currently operate as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, these property presents a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rentals.

Additional Information

Basement
Daylight
Foundation
Block
Stories
One
Architecture
Ranch
Acres
0.27
Heat
Baseboard
Region
Warren

Listing courtesy of Lisa Phillips from Compass Indiana, LLC

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