Indianapolis IN Multi Family for Sale

ADDITIONAL INFORMATION

Turnkey investment opportunity you've been waiting for! This fully occupied duplex is bringing in $2,100 a month in rent, making it a no-brainer for investors. Each side offers 2 beds and 1 bath, with brand new LVP flooring, updated electrical, and original hardwoods underneath. Both units are rent-ready, featuring spacious living rooms, dining areas, and fresh carpet in the upstairs bedrooms. Townhouse conversions are on the rise in the area, and with solid market rent potential (especially through subsidized housing), the options here are endless. Plumbing's been completely redone, and the basement is dry-locked and solid. Don't miss out-schedule your showing today!

ADDITIONAL INFORMATION

Fully Occupied Fourplex Near Downtown - Excellent Investment Opportunity! This meticulously renovated fourplex offers a blend of modern amenities and classic charm. The property has undergone a comprehensive studs-in/out renovation, featuring new mechanical systems including electrical, HVAC, and plumbing. Each unit boasts a fully equipped kitchen with a complete appliance package, including a washer and dryer. Additional upgrades include new bathrooms, updated flooring, windows, drywall finishes, and more. All units are separately metered for electric and gas, while water is on a shared meter. One unit also includes a finished basement, adding extra living space. Current rents range from $950 to $1,175 per month, offering substantial room for future rental growth. Situated in a prime location near downtown, with proximity to Woodruff Place, Emerson Heights, and Irvington, this property is poised for appreciation. Don't miss this incredible opportunity to maximize rental income in a rapidly developing area. Note: the vacant lot next door is not included in the sale. All units feature consistent, high-quality finishes throughout.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

INVESTORS do not miss out on this incredible investment opportunity with this duplex located just minutes from downtown and within walking distant of Willard Park. Live on one side and rent the other. This duplex offers great rental potential and is perfect for investors looking to expand their portfolio. The vacant duplex is in need of renovations. Windows are 8 years old, heating, a/c and water heater less than 2 years old. Call for your showing today.

ADDITIONAL INFORMATION

Discover the potential of this vacant duplex, a fantastic income property ready for the next investor or homeowner looking to generate rental income. This newly built duplex features two units, each offering 1,170 square feet of living space. Each side includes spacious living areas, kitchens, 2 bedrooms, and 1.5 baths, perfect for future tenants. With both units vacant, this property offers the flexibility to set rents live in one side while renting out the other. Whether you're a seasoned investor or a first-time buyer looking for passive income, this property is ready to start generating cash flow!

ADDITIONAL INFORMATION

Are you in the market for a cash-flowing duplex or a perfect house hack? Look no further! This duplex was fully remodeled in 2023 - offering two spacious units, each featuring 2 bedrooms and 1 bath with over 1,000 square feet of well-designed living space. Both units boast updated bathrooms, fresh paint, new windows, flooring, and much more. Enjoy the benefits of a property that's ready to go-each side is move-in ready with modern finishes. The property also includes a generous covered front porch for relaxing, a large backyard, and a detached 1-car garage that provides extra income potential. On-site laundry adds convenience for both owners and tenants. Average rental rate is $1,100 - $1,300 in this area. Located just 5 minutes from downtown Indy, you'll have quick access to local favorites like The Bottleworks District and Neidhammer Coffee. Whether you're looking for a turn-key investment or a new home, this duplex offers both excellent rental potential and a comfortable living space. Make this duplex your next turn key investment or home today!

ADDITIONAL INFORMATION

Calling all investors! This spacious duplex located in Indys near Eastside features 2 bedrooms and 1 bathroom in each unit. Duplex is conveniently situated near the bus line and close to shopping. Being sold AS-IS.

ADDITIONAL INFORMATION

With one side just recently rented and the other side with a stable, longer term renter, this duplex is a no-brainer of an investment. Each side is a larger 3-bedroom, 1 bathroom unit. Downstairs both units have the living room, dining room, and kitchen while the bedrooms and bathrooms are upstairs. These units are primed and ready for the next owner, so don't miss out!

ADDITIONAL INFORMATION

6-Unit turnkey investment property! Four of the units are 2 bed/1 bath and two units are 1 bed/1 bath. All electric (no gas) with 6 separate electric meters. Owner pays for water only- Average $242 over the last 7 months. Property was gut-renovated in 2022 by previous owner with ~300k in capital expenditures (new rubberized flat roof, new PVC plumbing, new electrical, 6 new water heaters. New windows were installed in 2021.) All kitchen appliances and newer window air units are also included. Shared coin laundry units in basement are included and bring in average $98/month in income. On-street parking. Current leases: $900/month, $1,300 deposit, expires 2/28/2025. $900/month, $900 deposit, expires 10/31/2024. $900/month, $1,300 deposit, expires 12/31/2024. $750/month, $700 deposit, expires 8/31/2024. Current leases and rent roll attached in supplements. Room to increase rents year over year. Two units are currently vacant and available to show. Photos courtesy of management company, current as of 8/14/2024. Water heaters/panels/etc are in unfinished basement area. Coin operated washer/dryers are in basement common area. Owner pays $40 every two weeks for lawn care. See full listing info under commercial listing, BLC#21995747.

ADDITIONAL INFORMATION

Welcome to 3036 East New York Street, an exceptional property in the heart of Indianapolis, offering incredible potential for savvy investors and homeowners alike. This multi-unit duplex, with the potential to convert into a triplex, is a unique find in a thriving neighborhood. This well-maintained property has undergone significant updates since its last sale. Currently configured as a duplex, this property offers two spacious units, each with its own private entrance, and living areas. With a little creativity, the layout can be easily adapted to create a third unit, enhancing its rental income potential and increasing overall profitability. Nestled in a desirable investment area in Indianapolis, this property is conveniently located near major roadways, schools, parks, and shopping centers. Its central location ensures high demand for rental units and makes it an attractive option for future tenants.Whether you're looking to expand your real estate portfolio or start your investment journey, this property offers a fantastic opportunity. The current setup provides immediate rental income, while the potential triplex configuration allows for increased revenue and diversified rental options. The property also features a generous backyard, providing tenants with a private outdoor space. 3036 East New York Street is more than just a property-it's a promising investment opportunity in a vibrant and growing area. Don't miss out on this chance to secure a versatile, income-generating asset.

ADDITIONAL INFORMATION

Excellent investment opportunity on the Near Eastside. This duplex contains one bedroom, one bathroom, living room, and kitchen on each side. North unit is currently rented, but the South unit is vacant and can be shown. Arrangements will be made to view North side with tenants authorization upon second showing. Property being sold as-is.

ADDITIONAL INFORMATION

Investor's Gem or Perfect House-Hack in Christian Park! Step into this exceptional duplex, located in the desirable Christian Park neighborhood on the near eastside, just a 10-minute drive from downtown Indianapolis. Both units were thoughtfully updated in 2023, and the roof was replaced in 2022, ensuring peace of mind for years to come. The vacant unit is move-in ready, offering an ideal opportunity for an owner-occupant or a new tenant. The other unit is tenant-occupied, bringing in $850 per month (exp 5/30/25). With tenants paying all utilities, the property is designed for optimal cash flow. Given the updated condition and prime location, hitting or exceeding the 1% rule should be no problem. The mirror-image units are spacious and modern, and both have laundry hookups and central heat/air, appealing to renters and owners alike. Currently under professional management, the new owner has the option to retain these services for a seamless transition, making this property an easy and profitable addition to any portfolio. Don't miss out on this incredible opportunity to invest in a turnkey property with immediate income potential. Schedule your showing today!

ADDITIONAL INFORMATION

Are you ready to up your Investment Portfolio? Take advantage of this amazing opportunity to own a duplex in the Indianapolis Downtown area! This property has undergone fire damage and is ready for the next Investor's strategic plan to join the movement of homeowners that are revitalizing this wonderful community. The property is being sold as-is. Reach out today and let's discuss how we can make this a reality for you!

ADDITIONAL INFORMATION

This tenant-occupied Tuxedo Park duplex has been tastefully updated, and is ready for its new owner! Each side includes a spacious living room, formal dining area, large kitchen, and upstairs has two bedrooms and a full bathroom! As of right now, total rental income for both sides is around $1,750/mo. However, rents have been steadily increasing in the area, so the next tenant turn means it's time for a rent increase! This property is being sold as a part of a 16 unit portfolio. Portfolio BLC numbers are: 21981814, 21981810, 21981802, 21981820, 21981817, 21981809, 21981807, 21981816, 21981806, 21981800, 21981811, 21981796, 21981813, 21981818, 21984186, 21981803. The portfolio has been valued at over 3.5 million. The seller is willing to accept an offer of $3,000,000 for the entire portfolio!

ADDITIONAL INFORMATION

LOCATION, LOCATION, EQUITY! Rare chance to OWN your very own American Foursquare DUPLEX in the heart of Indianapolis! Look past the dust and dirt to envision ALL the possibilities this solidly built property can offer you. Down to the studs, demo is DONE and hauled away. Bring your vision (and your toolbox) and restore these to the magnificent mini-mansions they are meant to be. These units are mirror-images of each other, with three bedrooms upstairs and main living quarters downstairs--as well as kitchen space and back porch access in the back. Attic access is MASSIVE and waiting for your finishing touches. Note full basement and the MASSIVE 25x30 garage/storage building in the back that could be converted to more living quarters. Property boasts alley access, paved parking space and is close to bus line. Mere minutes from Irvington, Downtown Indianapolis, Monument Circle, White River State Park and Gainbridge Field House. Roll up your sleeves and get to work--a ton of equity awaits!

ADDITIONAL INFORMATION

SPRINGDALE DUPLEX Nestled among the mature trees, this up-down duplex offers 4 beds/2.5 one unit on the main and upper floor and 1 bed/1bath basement for the other unit! This has THREE parcels including the duplex, a vacant lot, and a three car garage with extra lot space! This fully-fenced in the yard will make you feel like you are in your own little oasis! With 10' ceilings on the main floor, the natural light flows throughout! The primary bedroom is on the main floor with renovated ensuite bathroom and a tranquil deck. Another spacious bedroom is adjacent to the flex room with beautiful stained glass windows. The second floor offers two bedrooms with a spacious second living space and a full bathroom. The basement offers a full kitchen, bathroom, living room and bedroom - separate entrance! Minutes away from Spades Park, Circle City Industrial Complex, Mayfair Taproom, Rabble Coffee, 8th Day Distillery, Bottleworks, Monon Trail, Kan Kan, Amelia's.

ADDITIONAL INFORMATION

Investors dream duplex! Seize this incredible investment opportunity with this duplex located just minutes from downtown and fountain square. Live on one side and rent the other. This duplex offers great rental potential and is perfect for investors looking to expand their portfolio. Being sold as-is, it's a goldmine for savvy investors looking to capitalize on the area's transformation and rising property values. Act fast - properties like this don't stay on the market long!

ADDITIONAL INFORMATION

Grow or start your portfolio with a fully remodeled duplex! Located on the Eastside and just 10 minutes from downtown Indianapolis, this area is the place to be for quiet living with quick access to downtown life! This 3bd 1bth has one side vacant and the other to expire at the end of the year. Have the property that pops with the powerful cedar accents in the front and a huge, backyard that provides convenient alley access. This cash flowing opportunity is perfect for anyone looking to own an asset that's turnkey and producing high rent rates in an area that continues to grow!

ADDITIONAL INFORMATION

Turnkey investment opportunity in a growing part of town! This all-brick duplex is a clean 1 bed, 1 bath on each side. LVP flooring, fresh paint. It's ready for tenants! This is walking distance to Sam's Square Pies, Gomez BBQ, 18th Street Brewing, Tik-Tok Lounge, and many other local spots!

ADDITIONAL INFORMATION

Investors - this one's for you! Instantly cashflow on this income generating, fully leased duplex with hardwood floors throughout. 2 bed/1 bath on one side and 1 bed/1bath w/ office on the other - each unit features a spacious layout with large living rooms and dining rooms. The kitchen has updated finishes, all new cabinets, newer appliances, and space to entertain. Off street parking, AC throughout, and a privacy fence in the backyard make this duplex even more appealing. Located close to downtown in the Near Eastside neighborhood, this duplex offers much upward potential. Don't let this savvy investment slip you by.

ADDITIONAL INFORMATION

Duplex was completely renovated inside & out in 2022! 313 side is leased for $950 a month and lease expires Oct 2024. 311 side is rented for $930 a month and lease ends Feb 2025. Tenants pay gas and electric (metered separately) and owner pays water/sewer bill (metered together) which averages $85 a month. First floor laundry connections in each unit. Photos courtesy of current property management company, who would be happy to continue management services if buyer desires.

ADDITIONAL INFORMATION

Charming two-story duplex offering two bedrooms, one bath per side. With a lucrative income opportunity. With both sides currently leased, this property promises a steady stream of revenue. Don't miss out on this fantastic investment opportunity!

ADDITIONAL INFORMATION

Seller is now offering a credit for a 2/1 Buydown Program. This duplex is fully renovated, including a new roof, HVAC, electrical, flooring, countertops, etc., presenting an excellent investment opportunity. Both the left and right sides of the duplex are rented. Boasting great open spaces and three bedrooms on each side, this duplex caters to modern living preferences. Its prime location places it in close proximity to Fountain Square, Bottleworks, and Mass Ave, ensuring tenants have easy access to vibrant entertainment and cultural hubs. With the potential for future appreciation in the area, this duplex offers a long runway for investors aiming to capitalize on the booming real estate market. Don't miss out on this prime investment with both immediate and long-term benefits

ADDITIONAL INFORMATION

Brookside charmer. This duplex boast 2 bedrooms, an office, and one full bath in each unit. The original charm still shines through when you walk through with tasteful updates to blend it all in. This is an investors dream! The greenway across the street gives the tenants the unique opportunity to have a park in their front yard for all to enjoy. All this space while having no responsibility to maintain? Located right next to another duplex, buy both and add four cash flowing doors to your portfolio!

ADDITIONAL INFORMATION

Updated duplex in Holy Cross! 1430 has 3 bedrooms, 1.5 bath with some original hardwood flooring. It also has decorative fireplaces, large kitchen, laundry hookups as well. 1432 is a recently renovated 2 bed/2.5 bath with decorative fireplace, large kitchen with appliances, laundry room. 1 spot parking from alley and street parking. Perfect for a new investor to live on one side and rent out the other. Great location.