Beech Grove, IN 46107,52 N 5th AVE
Beech Grove, IN 46107,52 N 5th AVE
Beech Grove, IN 46107,52 N 5th AVE
46
Listed by Daniel McNeal • @properties
$305,000
$325,000
6.2%
Est.Price: ?

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5,227 Sqft Lot

52 N 5th AVE Beech Grove, IN 46107

Est. payment /mo
SOLD DATE : 05/31/2024

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Key Details

Sold Price $305,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Subdivision Beech Grove

MLS Listing ID 21974021

Year Built 1915

Tax Year 2023

Lot Size 5,227 Sqft

Property Description

Incredible Triplex Investment Opportunity in Beech Grove! Welcome to an outstanding investment opportunity in the heart of Beech Grove! This triplex offers an excellent combination of great returns, prime location, and beautifully renovated interiors, making it an ideal choice for smart investors. Renovated Interiors: The interiors of this triplex were completely rehabbed prior to the current tenant move-in, ensuring modern comfort and appeal. From new kitchens, bathrooms, flooring, to fresh paint and appliances, everything has been upgraded to attract quality tenants and minimize maintenance costs. Excellent Rental Income: With gross rents totaling $3035 per month and leases in place, this property offers a stable and lucrative income stream. Great Cap Rate and Cash on Cash Return: These metrics demonstrate the financial viability and profitability of the investment, making it a smart choice for both seasoned investors and those new to real estate investment. Convenient Location: Situated just steps from Main Street, this triplex sits in an excellent location with easy access to all amenities. Tenants will appreciate the convenience of being within walking distance to shopping, essential services, restaurants and entertainment options. This prime location enhances tenant attraction and retention. Investment Highlights: Fully renovated interiors with modern amenities. Stable rental income with leases in place. Diverse unit configurations for tenant flexibility. Strong cap rate and cash on cash return. An appraisal from 2023 is available.

Location

State IN

County Marion

Interior

Heating Forced Air

Cooling Central Electric

Building

Story Two

Structure Type Vinyl Siding

New Construction false

Schools

School District Beech Grove City Schools

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