Eastern Ave

0 Bedroom Real Estate has been listed for sale at 546 Eastern Ave in Indianapolis for $425,000. Chat with a local expert, book a tour.

Indianapolis

Holtman & Ropps Sub Hanna

546 Eastern Ave

546 Eastern Ave, For Sale in Indianapolis - eXp Commercial Brokerage

This cash-flowing quadruplex is an excellent investment opportunity in the St Clair Place area! With one unit being vacant and recently renovated to be move-in ready, this could be a perfect house hack for someone who wants to live in one side and let the other three units pay their mortgage or for the savvy investor who wants to enjoy steady cashflow and a healthy cap rate. These (four) 1 bedroom/1 bathroom units bring in an annual gross income of $42, 000 (using the rent potential for the updated vacant unit) and have great tenants who are current on and timely with rent. There are two main level units and two upper units; Unit D on the main level has just been updated with new carpet, new luxury vinyl plank flooring, and fresh, crisp paint on the walls and trim and is available for showings. The off-street parking in the back lot is a big plus for renters, and each unit has its own laundry connection, oven/range and refrigerator. This investment is a great chance for ease of ownership and stable cashflow with growth potential in a gentrifying area!

Welcome to an exceptional investment opportunity in the heart of the flourishing St Clair Place neighborhood! This rare 4-plex promises both immediate returns and long-term potential. Located on the near eastside, just moments from downtown, this property boasts an enviable location amidst a wave of revitalization and gentrification. Professionally managed by PMI Midwest, this property offers ease of ownership and peace of mind. The neighborhood is witnessing a surge in new builds and fully remodeled homes, affirming its appeal to investors seeking growth and stability. Currently, two units are occupied ($700 & $729), while two remain vacant, presenting an opportunity for immediate occupancy or renovation. The units are all one bedroom and one bathroom, offering approximately 700 sq ft of comfortable living space. All utilities are separately metered, and each unit has its own laundry hookups. With rates fetching up to $1000 per unit (Section 8), and the possibility of converting the basement into two additional units (zoned for 4-8 units), the income potential is substantial. The layout of the units and location of this property open avenues for versatile rental strategies, including short or medium-term rentals, to further enhance the cash flow potential. Don't miss out on the chance to capitalize on this prime investment in one of Indianapolis's most promising neighborhoods. Take advantage of the momentum in St Clair Place and secure your position in this dynamic market today!

Enjoy the ultimate urban living experience at 546 Eastern Ave Apt A in Indianapolis, IN. This stunning multiplex rental property offers a spacious 1-bedroom, 1-bathroom apartment with 700 sq ft of living space. The modern design and open layout create a bright and inviting atmosphere, perfect for entertaining or relaxing. The fully equipped kitchen boasts sleek appliances and ample storage space, making meal prep a breeze. With its prime location, you'll have easy access to the best dining, shopping, and entertainment options that Indianapolis has to offer. The vibrant neighborhood is filled with cultural attractions and recreational opportunities, ensuring there's always something exciting to do. Experience convenience and comfort with in-unit laundry and off-street parking included. Don't miss out on the chance to name this multiplex rental property your new home sweet home. Schedule a tour today and start living the urban lifestyle you've always dreamed of. All of our residents are enrolled in the Resident Benefits Package (RBP) for $36.95/month which includes credit building to help boost the resident's credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application.

546 Eastern Ave, Indianapolis, IN

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