$325,000 Price Analysis    ♡   Beech Grove, IN 46107 Unknown bed None bath 2,000 SqFt ($162/SqFt) 5,227SqFt lot. Built 1915 Listed 2024-04-22, Taxes $5,522 | Ⓧ USDA Ineligible due to location near Beech Grove |
Incredible Triplex Investment Opportunity in Beech Grove!
* Sale Pending *Welcome to a n outstanding investment opportunity in the heart of Beech Grove. This triplex offers an excellent combination of extraordinary returns, prime location and beautifully renovated interiors, making it an ideal choice for smart investors. Renovated Interiors: The interiors of this triplex were completely rehabbed prior to the current tenant move-in, ensuring modern comfort and appeal. From new kitchens, bathrooms, flooring, to fresh paint and appliances, everything has been upgraded to attract quality tenants and minimize maintenance costs. Excellent Rental Income: With gross rents totaling $3035 per month and leases in place, this property offers stable and lucrative income stream.
Great Cap Rate and Cash on Cash Return: These metrics demonstrate the financial viability and profitability of the investment, making it a smart choice for both seasoned investors and those new to real estate investment. Convenient Location: Situated steps from Main Street, this triplex sits in an excellent location with easy access to all amenities. Tenants will appreciate the convenience of being within walking distance to shopping, essential services, restaurants and entertainment options. This prime location enhances tenant attraction and retention. Investment Highlights: Fully renovated interiors with modern amenities. Stable rental income with leases in place. Diverse unit configurations for tenant flexibility. Strong cap rate and cash on cash return. An appraisal from 2023 is available.
Presented by Daniel Mcneal at
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Property MLS #21974021 from MIBOR
Heating Features: Forced Air
Lot Size Acres: 0.12
Lot Size Square Feet: 5227
Road Frontage Type: City Street
Road Surface Type: Asphalt
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Restrictions Source: 1, Pet Size: 1, Pet Deposit Fee: 1
Tenant Pays: Electricity, Gas
Unit Type: 2 Bedroom, 1 Bedroom, 1 Bedroom
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 3
Unit-1 Square Feet: 800
Unit-2 Square Feet: 600
Unit-3 Square Feet: 600
Unit 1 Total Actual Rent: 1200
Unit 2 Total Actual Rent: 1000
Unit 3 Total Actual Rent: 700
Map directions Map directions Map directions Map directionsCounty: Marion
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential Income
Area: 4973 - Marion - Beech Grove
Source Neighborhood: Beech Grove
Owner Pays: Water
Parcel Number: 491028139016000502
Postal Code Plus 4: 1326
Subdivision: Beech Grove
Township: Perry
Property Subtype: Triplex
Lot Number: 11
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $144,400 + $17,000 $161,400 | $5,522 |
| 2021 | $144,400 + $17,000 $161,400 | $4,459 |
| 2020 | $127,300 + $17,000 $144,300 | $3,749 |
| 2019 | $126,300 + $14,000 $140,300 | $3,514 |
| 2018 | $107,400 + $14,000 $121,400 | $2,936 |
| 2017 | $105,000 + $14,000 $119,000 | $3,535 |
| 2016 | $101,300 + $14,000 $115,300 | $3,299 |
| 2015 | $96,600 + $14,000 $110,600 | $2,753 |
| 2014 | $89,700 + $14,000 $103,700 | $2,433 |
| 2013 | $77,700 + $14,000 $91,700 | $2,150 |
| 2012 | $78,200 + $14,000 $92,200 | $1,029 |
| 2011 | $86,100 + $10,300 $96,400 | $1,359 |
| 2010 | $108,800 + $10,300 $119,100 | $1,074 |
| 2008 | $103,500 + $10,300 $113,800 | $1,207 |
| 2008 | $86,100 + $10,300 $96,400 | $1,207 |
| 2006 | $101,300 + $10,300 $111,600 | $3,164 |
$325,000
MIBOR
Sold 2023-04-04
$164,687
Public Record
Listing removed 2023-03-30
$199,000
MIBOR
Price Changed 2022-11-03
$199,000
MIBOR
Price Changed 2022-10-10
$209,900
MIBOR
Listed 2022-10-04
$220,000
MIBOR
Sold 2021-08-16
$156,000
Public Record
Listing removed 2021-08-05
$0
MIBOR
Listing removed 2017-11-11
$99,900
MIBOR
Listed 2017-10-23
$99,900
MIBOR
Listing removed 2015-06-19
$500
MIBOR
Listed for rent 2015-05-14
$500
MIBOR
Listing removed 2013-01-22
$90,000
MIBOR
Relisted 2012-09-27
$90,000
MIBOR
Listing removed 2012-08-29
$90,000
MIBOR
Listed 2012-07-30
$90,000
MIBOR
Sold 2005-08-22
$88,500
Public Record
Construction Materials: Vinyl Siding
Levels: Two
Property Age: 109
Architectural Style: TraditonalAmerican
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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.