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Listed by Tasheana Hanza • Hanza Realty, LLC
$ 290,000
Est. payment /mo
Active
3614 E Washington ST Indianapolis, IN 46201
2,288 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 2,288 sqft
Price per Sqft $126
MLS Listing ID 22042720
Year Built 1925
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Multi-Family 5+
Property Description
Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.
Location
State IN
County Marion
Zoning commercial
Rooms
Basement Storage Space, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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