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3178 N Capitol Avenue

$399,999

3178 N Capitol Avenue, Indianapolis, IN 46208

Active
Last Updated: 03/20/2025

0.12 acres

Lot Area

1925

Year Built

Details:
Lot Area:    0.12 acres
Year Built:    1925
MlsNumber:    22017010
Highlights:
  • Roof: Asphalt Shingle Roof
  • Exterior Description: Aluminum Siding
  • Garage Count: 1 Car Garage
  • Basement: Unfinished
  • Heating Type: Forced Air
Description:

CHARMING QUINTUPLE MULTI-UNIT PROPERTY! A PRIME INVESTMENT PROPERTY! Take a look at this well-maintained 5 unit-property, a fantastic opportunity for both investors and homeowners looking to generate rental income. Each of the five units offers spacious living with a comfortable living room, bedroom, and kitchen, along with separate entries for added convenience, safety and privacy. The property features several key updates, including new roof, windows, doors, electrical/plumbing, water heater and electric baseboard heating system all completed in 2022. Freshly painted interior creates a bright and inviting atmosphere- perfect for the renter's ambiance! With its attractive curb appeal, this property is sure to catch the eye of both tenants and visitors, Ideal for those looking to invest in a high demand rental property or offset living expenses. With each unit currently leased at $1000 per month (effective 1/4/25), the property promises a steady stream of income with a great CAP rate (10.95%)!With its prime location, low-maintenance and excellent rental income, this property is a rare find in Indianapolis. Don't miss out on this great opportunity.

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