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3614 E Washington St Indianapolis, IN 46201

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For Sale
$315,000

Six-unit property with strong rents and cash flow potential.

Lot size:
0.28 Acres

Property Features for 3614 E Washington St

General Information

Lot size
0.28 Acres

Building Details

Year built
1925

Source: Hanza Realty Agent LLC

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Turnkey Multifamily Investment Opportunity

This is a six-unit multifamily property featuring studio-style units. The property is well-maintained and offers strong in-place rents with solid tenants. The current monthly gross rent is $4,207, totaling $50,484 annually. The owner is responsible for all utilities, including gas, electric, water, sewer, and trash. Average monthly expenses are $588, with annual expenses estimated at $7,056. The financials reflect a projected NOI of $43,428. The property features off-street parking and is located in a growth area, within walking distance to stores and public transportation. This cash-flowing asset offers upside potential.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Hamilton
State
Indiana
Longitude
-86.104257
Latitude
39.769475

FAQs

What type of property is this?
Apartment building - Six-unit property with strong rents and cash flow potential.
Where is this apartment building located?
The property is located at 3614 E Washington St Indianapolis, IN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: - High 12.77% Cap Rate at $340,000 Price Point; - Projected 30.37% Cash-on-Cash Return with 20% Down; - Turnkey 6-Unit Multifamily Property with Strong In-Place Rents
More about this property
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