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About This Home

This 0-bedroom, 0-bathroom multi-family at 5724 Julian Avenue in Indianapolis, IN is listed for $1,000,000. Built in 1948, on a 0.27 acres lot.

Agent Description

Unbeatable investment opportunity to own a 6-unit building in the prime of the historic Irvington district. Perfectly positioned on a quiet residential street just 1.5 blocks from Irvington's vibrant center, this property is close to popular restaurants, cafes, and local shopping.

Each of the six 1 bedroom/1 bathroom units have been thoughtfully renovated a few years back. As part of the renovations, the basement was transformed to create a laundry room, supplies room and storage rooms. Additional highlights include a parking lot with 6 dedicated parking spaces at the rear of the property with space for 2 extra spots.

Currently operating as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, this property presents a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rentals.

Preference is to sell this 6-plex as a package with other properties also operating as mid-term furnished rentals (15 units in total) with the others being: 1305 Ringgold (duplex with 3br/3.5ba townhouses), 717 Randolph (duplex with 2br/2ba townhouses), 1525 Kennington (duplex with 3br/2ba townhouses) and 1529 Kennington (2br/1ba SFH) - a total of 15 units producing high revenues.

Key Features

  • Built in 1948
  • 0.27 acre lot

Property Details

1948

Amenities

Basement

Monthly Cost Estimate

$5,348/mo

20% down · 6.5% · 30 years

Principal$723
Interest$4,333
Insurance$292

Estimates only. Actual payments may vary.

Location

5724 Julian Avenue

Indianapolis, IN 46219

Irvington

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 5724 Julian Avenue is listed at $1,000,000. The estimated monthly payment is $4,333 based on 20% down at 6.5% interest.

Key features include: Built in 1948, 0.27 acre lot.

This property is listed by Lisa Phillips and can be reached at 3172199277 or lisa.phillips@compass.com.

LP

Lisa Phillips

Agent at Compass Indiana, LLC

(317) 219-9277

Listed by Compass Indiana, LLC · View on Broker Site

MLS# 22077777· Source: listhub· Updated 106 days ago

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5724 Julian Avenue, Indianapolis, IN 46219

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