Located in the Promise Zone on a corner lot, this once triplex is a big project but will be a CRAZY money maker!! When fully leased, you could potentially bring in a gross rent up to $2000 PLUS per month!! WHOA!
Originally set up as a triple, some walls were removed by previous owner making it one large house. I suggest adding those walls back in to capitalize on cash flow. As a triplex, it will be a 2/1, 3/1 and another 2/1. Or, you could make it a double with a 2/1 and a 5/2.
The roof is about 10 yrs old and appears to be in good shape. There is a lot of original character left in this house including nice hardwoods and woodwork throughout that can be restored.
Recently sold multifamily within a quarter mile includes:
3702-04 E New York St - SOLD $65k (duplex, 3/1 per side, 59 DOM, same neighborhood as ours)
57-59 N Sherman - SOLD $67k (duplex, 3/1 per side, 67 DOM)
822 N Bradley - SOLD $68k (duplex, 3/1 per side, 59 DOM)
3739-3745 E Market St - SOLD $140k (4-plex, 2/1 per unit, $750 rent per unit, 83 DOM, same neighborhood as ours)
||62 N Sherman Dr, Indianapolis, IN 46201, USA
|Sq Footage Source
||I am the owner of this property and have authority to sell
||May 1st, 2018
Do your research before making any investment!
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