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Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 450,000
Est. payment /mo
New
6107 W 25th ST Indianapolis, IN 46224
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22036400
Year Built 1961
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Fourplex
Property Description
Fantastic investment opportunity! This turnkey, fully rented all-brick 4-plex in Speedway offers solid cash flow and long-term value. The property generates $48,720 annual gross income across four spacious 2 bed/1 bath units leased at $1,075, $995, $995, and $995. Tenants cover utilities, while the owner pays for water/sewer (~$120/month) and trash (~$125/month). Each unit is separately metered with its own furnace and central AC (three replaced in 2017, 2018, and 2025), with baseboard heaters as backup. Recent upgrades include a new roof (2017), windows (2018), asphalt driveway (2022), and carpet/LVP flooring in common areas (2023), all units recently updated ensuring a turn-key investment property. Dedicated carports for each unit and in-unit laundry add tenant appeal. Estimated annual expenses total $21,609, yielding a projected NOI of $27,111 and a 6.0% cap rate. Located minutes from Speedway attractions, major highways, dining, and shopping, this property is in a high-demand rental market with strong tenant appeal and future appreciation potential. Don't miss this prime investment opportunity!
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
Foundation Slab
Architectural Style TraditonalAmerican
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
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