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Listed by Trent Kiester • @properties
$ 439,900
Est. payment /mo
Active
323 N Arsenal AVE Indianapolis, IN 46201
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision L A Wrights
MLS Listing ID 22061999
Year Built 1910
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
Discover this prime investment opportunity at 323 N Arsenal Ave in Arsenal Heights, a highly desirable neighborhood on Indianapolis's east side, just minutes from downtown Indy and Highland Park. This well-maintained quadplex features four spacious 1-bedroom, 1-bathroom units, with two currently occupied generating reliable income of $1,000 and $895 per month, while the other two units stand vacant and ready for immediate tenant placement to boost your cash flow even further. All utilities are conveniently billed back to tenants through the leases, minimizing owner expenses and maximizing returns. Whether you're a savvy investor eyeing robust cash flow in a thriving, up-and-coming area or a house hacker aiming to live in one unit while renting out the rest to offset your mortgage, this property delivers the perfect blend of flexibility and profitability.
Location
State IN
County Marion
Interior
Heating Forced Air
Cooling None
Fireplace N
Building
Story Two
Foundation Block
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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