$365,000
$385,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
9,583 Sqft Lot
SOLD DATE : 07/24/2024
Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Mapleton-Fall Creek
MLS Listing ID 21985563
Sold Date 07/24/24
Year Built 1955
Tax Year 2023
Lot Size 9,583 Sqft
Acres 0.22
Property Description
This is the inventory you've been looking for! Discover this fully renovated multi-unit opportunity for both investors and house hackers alike. Nestled in the desirable Mapleton-Fall Creek neighborhood, this property features upgrades, including a new roof, new windows, and new LVP flooring throughout. Modernized appliances, HVAC systems, plumbing, and electrical work as well. The property features 3 kitchens, 4 total bathrooms, and 5 "bedrooms" catering to the needs of multiple uses. There is ample parking space for a large number of occupants as well. The main unit offers a spacious layout with three bedrooms, two bathrooms, abundant closet and pantry space, and an in-unit washer and dryer. Additionally, a versatile studio or guest/office space is located at the back of the property, complete with a private entrance, in-suite kitchen, and full bathroom, perfect for visitors, tenants, or a small business. The expansive upstairs area includes one bedroom, one bathroom, and a dedicated office/flex space. This property is not only a fantastic investment, but also a perfect solution for those looking to offset their mortgage with rental income. The property is on 3 separate electric meters and 1 water meter. The anticipated target rent is approx $1,800, $1,100, & $800 = $3,700. The property is fully vacant and being sold in AS IS condition.
Location
State IN
County Marion
Interior
Heating Forced Air
Cooling Central Electric
Fireplace N
Exterior
Roof Type Shingle
Building
Story Two
Foundation Block
Structure Type Stucco
New Construction false
Schools
School District Indianapolis Public Schools
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