3626 Birchwood Ave Indianapolis, IN 46205
- Residential income homes
- 3,923 SF
- 0.68 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 3626 Birchwood Ave
- Lot size
- 0.68 lot acres
- Property size
- 3,923 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of four duplexes, totaling eight units, situated in desirable Indianapolis neighborhoods. The properties, built between 1911 and 1975, offer a combined 3,923 square feet of net rentable space across four buildings, each two stories high. The portfolio sits on a 0.68-acre lot and is zoned D8, D5, and I3. Individual unit sizes vary, ranging from approximately 770 to 1,230 square feet, with lot sizes ranging from 0.12 to 0.25 acres. The asking price is $1,234,000. Currently generating approximately $141,660 in annual rent, this Class C multifamily property offers a 7.3% cap rate, even after accounting for management, maintenance, taxes, and insurance. One unit is currently vacant, providing potential for owner occupancy or immediate rental income. The property's strong cash flow and potential for future rent increases make it an attractive investment with long-term growth potential. This is a turnkey opportunity to acquire a well-performing, cash-generating multifamily portfolio in a thriving Indianapolis market. Addresses include 3626 Birchwood Ave, 4632 Bertrand Rd, 1226 Saint Paul St, and 8201 Old Farm Ln, all in Indianapolis, IN 46205.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.13994
- Latitude
- 39.8222064
