3178 N Capitol Ave - Apartments FOR SALE


Indianapolis, IN 46208
$399,999 USD
317-431-2969
3178 N Capitol Ave, Indianapolis, IN for Sale
$399,999 USD
Apartments - FOR SALE
1/18
null | 10.95% Cap Rate

3178 N Capitol Ave
Indianapolis, IN 46208


HIGHLIGHTS

  • Great near north side investment property.
  • 5 UNIT - MULTI-FAMILY W/ $1000 month per unit rents- all leased!
  • 10.95% Cap Rate
  • Fresh rehab with all new mechanicals
  • Attractive curb appeal with separate entrances for convenience, safety and privacy

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$399,999 USD

PRICE/SF

$182 USD /SF

# OF UNITS

5

PRICE/UNIT

$80,000

CAP RATE

10.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3178 N Capitol Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,297 SF

ZONING

ZO01

APN/PARCEL ID

49-06-23-143-100.000-101

ASK ABOUT THIS PROPERTY

Mark HarrisCENTURY 21 Commercial ScheetzMore Info
317-431-2969

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Mark HarrisCENTURY 21 Commercial ScheetzMore Info
317-431-2969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.