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About This Home

This 0-bedroom, 0-bathroom commercial at 5724 Julian Avenue in Indianapolis, IN is listed for $3,000,000 ($744 per sqft). Built in 1948, the home offers 4,032 sqft of living space on a 0.27 acres lot.

Agent Description

Unbeatable investment opportunity to own this 6-plex as a package with other Indy properties operating as mid-term furnished rentals (15 units in total)- 1305 Ringgold (duplex with 3br/3.5ba townhouses), 717 Randolph (duplex with 2br/2ba townhouses), 1525 Kennington (duplex with 3br/2ba townhouses),1529 Kennington (2br/1ba SFH) and 5724 Julian 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. All properties currently operate as high-performing mid-term furnished rentals and corporate housin

g (1 to 6 month stays) with high ROI, these 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.

Key Features

  • Built in 1948
  • 0.27 acre lot

Property Details

1948

Amenities

Basement

Monthly Cost Estimate

$16,045/mo

20% down · 6.5% · 30 years

Principal$2,170
Interest$13,000
Insurance$875

Estimates only. Actual payments may vary.

Location

5724 Julian Avenue

Indianapolis, IN 46219

Features & Amenities

Exterior Features

Fencing

Property Details

Construction

Wood Siding

Parking

Assigned

Cooling

Separate Meters

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5724 Julian Avenue is listed at $3,000,000 ($744/sqft). The estimated monthly payment is $13,000 based on 20% down at 6.5% interest.

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

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

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LP

Lisa Phillips

Agent at Compass Indiana, LLC

(317) 219-9277

Listed by Compass Indiana, LLC · View on Broker Site

MLS# 22094621· Source: listhub· Updated 4 days ago

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5724 Julian Avenue, Indianapolis, IN 46219

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