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USAINIndianapolis3614 Washington St
3614 Washington St, Home with 0 bedrooms, 0 bathrooms and null parking in Indianapolis IN | Image 1
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$340,000

3614 Washington St, Indianapolis, IN

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi-Family 5+
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 1
Approx. Age 1925
MLS® Number 22042720

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 6-unit multifamily opportunity on Washington Street! This well-maintained property offers six studio-style units with strong in-place rents and solid tenants. Current monthly gross rent is $4, 207, with three units rented at $680/mo, one at $340 every two weeks ($737/mo), one at $300 every two weeks ($650/mo), and one at $180/week (~$780/mo), totaling $50, 484/year. Owner pays all utilities including gas, electric, water, sewer, and trash. Average monthly expenses are $588, and annual expenses are estimated at $7, 056. Financials reflect a projected NOI of $43, 428 with a cap rate of 12.77% at the $340, 000 price point. Investors can expect an estimated 30.37% cash-on-cash return with 20% down, based on an annual cash flow of $20, 651 after debt service. The property includes excellent off-street parking and is ideally located in a prime growth area, walkable to stores and public transportation. A strong, cash-flowing asset with minimal overhead and outstanding upside potential. No showings without an accepted offer. Do not disturb tenantsShow Description
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No Data
Walk Score®
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No Data
Transit Score®
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No Data
Bike Score®
MLS® Number22042720
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelNo Laundry Facil.
Exposure
Exterior
GarageNo
Approx. Age1925
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air
A/CNone
Heating Fuel

Extras

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