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Listed by Christopher Jenkins • La Terre Boutique
$ 350,000
Est. payment /mo
Pending
1125 S Keystone AVE Indianapolis, IN 46203
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision C M Cooper Trs Prospect
MLS Listing ID 22097962
Year Built 1920
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Quadruplex
Property Description
Investment Opportunity at 1125 South Keystone Avenue, Indianapolis Attention serious investors seeking immediate, stabilized returns. This fully renovated quadruplex offers a rare combination of guaranteed income and zero deferred maintenance. Positioned in a high demand rental pocket of Indianapolis, this property has been meticulously updated to provide a turn key experience for the next owner. The financial profile of this asset is its strongest selling point. The property generates a total monthly gross income of 4,701 dollars, totaling 56,412 dollars annually. The stability of this revenue stream is anchored by three Section 8 vouchers, which provide consistent, government backed payments regardless of market fluctuations. Unit 1 brings in 1,374 dollars, Unit 2 brings in 1,200 dollars, and Unit 3 brings in 1,127 dollars. The fourth unit is occupied by a reliable cash tenant paying 1,000 dollars per month. Beyond the impressive cap rate, the physical plant of the building has been completely overhauled. You can bypass the typical headaches of older multi family units thanks to extensive capital improvements. The property features brand new electrical systems and updated plumbing throughout, significantly reducing the risk of emergency repair costs. Energy efficiency and curb appeal have been enhanced with the installation of new windows. Inside, each unit has been refreshed with new flooring and professional paint, creating a clean, modern aesthetic that appeals to high quality tenants. Located on a primary transit corridor with easy access to downtown Indianapolis and the vibrant Fountain Square district, 1125 South Keystone is perfectly situated for long term appreciation. This is an ideal acquisition for those looking to complete a 1031 exchange or for any investor wanting to add a high performing, low maintenance asset to their portfolio. Properties with this level of renovation and guaranteed cash flow are a rarity in the current market.
Location
State IN
County Marion
Interior
Fireplace N
Building
New Construction false
Schools
School District Indianapolis Public Schools
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