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Listed by Pamela Brown • PMI Indianapolis
$ 409,000
Est. payment | /mo
0.83 Acres Lot
$ 409,000
Est. payment | /mo
0.83 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Devington Acres
MLS Listing ID 22126702
Year Built 1959
Tax Year 2025
Lot Size 0.830 Acres
Acres 0.83
Property Sub-Type Quadruplex
Property Description
Attention Investors! Hard to find 4-unit (true quad--not a conversion) on the northeast side of Indianapolis. Turnkey rental opportunity. Nice, large corner lot. Two-level brick with vinyl siding accents. Three of the four units are occupied, and one unit has been left vacant for showings. Vacant unit is move-in ready. Large living rooms in all units. Kitchens have eat-in areas. Newer mechanicals. Each unit has its own furnace and water heater. Building roof is 8 years old. New rubber roof on the carport. Newest tenant in apartment 1 pays market rent. Other two units are longer term tenants and are on a month-to-month leases. Apt 2 tenants will vacate by the end of October to give the new owner full flexibility with placing new tenants. Stoves and refrigerators are included. Tenants pay their gas and electric which are metered separately. See attachments. Majority of the building has vinyl replacement windows. Each unit has one assigned parking space in the carport. Plenty of street parking. Newly renovated Arlington Middle School is very close. The property is off of East 56th St and close to I465. Less than a 10 minute drive to Fort Ben State Park and all the amenities that Fort Ben has to offer. Also near the YMCA which has a fitness gym and pools. Buyer to complete all due diligence. Room sizes are estimated.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Exterior Feature Not Applicable
Roof Type Asphalt,Shingle
Building
Story Two
Foundation Slab
Architectural Style Traditional
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Middle Schools Arlington Community Middle School
School District Indianapolis Public Schools
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