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Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 480,000
$ 450,000 6.7%
Est. payment /mo
Sold on 06/06/2025
6107 W 25th ST Indianapolis, IN 46224
0.29 Acres Lot
UPDATED:
Key Details
Sold Price $480,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22036400
Sold Date 06/06/25
Year Built 1961
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Fourplex
Property Description
Fantastic investment opportunity! This turnkey, fully rented all-brick 4-plex in Speedway offers solid cash flow and long-term value. The property generates $48,720 annual gross income across four spacious 2 bed/1 bath units leased at $1,075, $995, $995, and $995. Tenants cover utilities, while the owner pays for water/sewer (~$120/month) and trash (~$125/month). Each unit is separately metered with its own furnace and central AC (three replaced in 2017, 2018, and 2025), with baseboard heaters as backup. Recent upgrades include a new roof (2017), windows (2018), asphalt driveway (2022), and carpet/LVP flooring in common areas (2023), all units recently updated ensuring a turn-key investment property. Dedicated carports for each unit and in-unit laundry add tenant appeal. Estimated annual expenses total $21,609, yielding a projected NOI of $27,111 and a 6.0% cap rate. Located minutes from Speedway attractions, major highways, dining, and shopping, this property is in a high-demand rental market with strong tenant appeal and future appreciation potential. Don't miss this prime investment opportunity!
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
Foundation Slab
Architectural Style TraditonalAmerican
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
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