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Sold

52 N 5th Avenue

52 N 5th Avenue, Beech Grove, IN 46107

$305,000
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.

5,314 Sq.Ft. lot

Cara Conde

Cara Conde

Features & Amenities

Interior

  • Laundry room Connections Some

Area & Lot

  • Status Sold
  • Lot Area5,314 Sq.Ft.
  • MLS® ID21974021
  • TypeMulti-Family
  • YEAR BUILT1915
  • NeighborhoodIndianapolis
  • Architecture StylesTraditonalAmerican
  • School DistrictBeech Grove City Schools

Exterior

  • STORIES2
  • lot featuresCorner Lot, Sidewalks, Storm Sewer, Street Lights
  • parkingAlley Access, Gravel
  • HEAT TYPEForced Air
  • AIR CONDITIONINGCentral Electric
  • security FeaturesSmoke Alarm

Financial

  • Sales Price$305,000

Indianapolis

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Work With Cara

Cara holds esteemed certifications as a negotiation expert and a Luxury Home Marketing Specialist, showcasing her mastery in the art of deal-making and her profound understanding of the high-end property market. With a strategic approach, she harnesses the power of cutting-edge digital technology, employing an array of sophisticated tactics in real estate sales and marketing. This enables her to effectively showcase properties, engage potential buyers, and secure optimal outcomes in the dynamic real estate landscape.