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$240,000   Price Analysis
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80 N 5th Ave
Beech Grove, IN 46107
Unknown bed None bath 3,000 SqFt ($80/SqFt)
5,227SqFt lot. Built 1905
Listed 2024-06-13, Taxes $5,011
Ⓧ USDA Ineligible
due to location

near Beech Grove

What a tremendous investment opportunity!

* Sale Pending *

This multi-family property features four 1-bedroom, 1 bath units. All are currently leased. Totl gross is $2710 per month. Seller pays water/sewer/gas. Previous owner updated all windows, some water heaters, carpets and appliances.

Please do not approach the tenants or the property. Showings may be scheduled after an accepted offer. The units have wall units for cooling and gas wall type heating. Kitchen applicances convey with the property.


Presented by Margaret DSouza at
Red Door Real Estate.
Listing Agent Photo

Property MLS #21984864 from MIBOR

Laundry Features: Connections All

Cooling Features: Wall Unit(s)
Heating Features: Baseboard

Road Access: Not Applic

Lot Size Acres: 0.12
Lot Size Square Feet: 5227

Parking Features: Detached

Association: No
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Restrictions Source: 1, Pet Size: 1, Pet Deposit Fee: 1

Gross Income: 2640
Tenant Pays: Cable TV, Electricity

Number of Units: 4
Unit Type: 1 Bedroom, 1 Bedroom, 1 Bedroom, 1 Bedroom
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 3
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 3
Total Rooms in Unit-4: 3
Unit-1 Square Feet: 900
Unit-2 Square Feet: 600
Unit-3 Square Feet: 900
Unit-4 Square Feet: 600
Unit 1 Total Actual Rent: 675
Unit 2 Total Actual Rent: 670
Unit 3 Total Actual Rent: 700
Unit 4 Total Actual Rent: 665

High School: Beech Grove Sr High School
High School District: Beech Grove City Schools
Middle School: Beech Grove Middle School

Central Elementary School (Beech Grove) is a public elementary school located approximately 0.3 miles away.
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Beech Grove Middle School is a public middle school located approximately 0.5 miles away.
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Beech Grove Senior High School is a public high school located approximately 1 miles away.
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Montessori Children's House is a private elementary school located approximately 0.4 miles away.
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Source Listing Status: Pending
County: Marion
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential Income
Area: 4907 - Marion - Perry
Source Neighborhood: Beech Grove
Owner Pays: Gas, Sewer, Water
Parcel Number: 491028139136000502
Postal Code Plus 4: 1326
Subdivision: Beech Grove
Township: Perry
Property Subtype: Fourplex
Lot Number: 4
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$131,200 + $17,000
$148,200
$5,011
2021$131,200 + $17,000
$148,200
$4,080
2020$115,700 + $17,000
$132,700
$3,436
2019$114,800 + $14,000
$128,800
$3,214
2018$97,600 + $14,000
$111,600
$1,285
2017$111,100 + $14,000
$125,100
$1,497
2016$107,100 + $14,000
$121,100
$2,999
2015$102,200 + $14,000
$116,200
$2,899
2014$95,400 + $14,000
$109,400
$2,570
2013$82,600 + $14,000
$96,600
$2,270
2012$82,400 + $14,000
$96,400
$2,265
2011$107,300 + $10,300
$117,600
$3,426
2010$135,500 + $10,300
$145,800
$2,763
2008$128,800 + $10,300
$139,100
$4,576
2008$107,300 + $10,300
$117,600
$4,576
2006$126,100 + $10,300
$136,400
$3,856

Relisted 2024-07-26
$240,000
MIBOR
Listing removed 2024-07-15
$240,000
MIBOR
Listed 2024-06-13
$240,000
MIBOR
Sold 2022-06-09
$187,500
Public Record
Listing removed 2022-05-26
$225,000
MIBOR
Listed 2022-03-23
$225,000
MIBOR
Listing removed 2017-02-14
$105,900
MIBOR
Sold 2017-02-13
$121,866
Public Record
Price Changed 2016-06-23
$105,900
MIBOR
Listing removed 2016-05-12
$114,900
MIBOR
Listed 2016-05-12
$109,900
MIBOR
Relisted 2016-01-18
$114,900
MIBOR
Listing removed 2015-11-18
$510
Zbestlistings
Listed for rent 2015-11-12
$510
Zbestlistings
Listing removed 2015-09-24
$124,900
MIBOR
Price Changed 2015-07-29
$124,900
MIBOR
Price Changed 2015-04-28
$139,900
MIBOR
Listed 2015-01-06
$150,000
MIBOR

Year Built: 1905
Foundation Details: Crawl Space
Levels: Two
Property Age: 119
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.