$350,000
This investment property, featuring two addresses and three separate, fully remodeled units, offers a fantastic opportunity for both short-term and long-term rental income. Located at 106 and 108, each unit comes fully furnished and shares a large common laundry space, making it ideal for traveling professionals or event-goers. The first address, 106, includes a spacious main floor unit with a large foyer, bedroom, living room, and kitchen. Additionally, it offers an efficiency unit that features a main floor foyer and a charming reading nook or extra storage space. The second address, 108, is a second-floor studio space boasting a generous living, bedroom, and kitchen area. The property also includes an oversized one car garage and paved parking. Currently, all three units are exclusively utilized as Furnished Finder or Airbnb rentals, achieving an impressive occupancy rate of over 90% (July 2023 - June 2024), with several bookings projected into next year. Most tenants are traveling professionals who rent on a monthly basis, though the property has also attracted visitors attending major events in Indianapolis, such as the Indy 500. With a successful rental model already in place, this property holds great potential for continued short-term rentals or could be easily transitioned to long-term tenants. Operating Expenses and Net Income listed below are average monthly. Don't miss out on this instant income producing property!
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MLS # | 21995048 |
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Date Listed | 2024-08-15 |
Status | Active |
Property Type | Multi-Family/Apartments |
Property SubType | Triplex |
New Construction | No |
Type | Triplex |
Basement | Unfinished |
Year Taxes Payable | 2023 |
Year Built | 1940 |
Days on Market | 131 |
Construction | Triplex |
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Lot Size | 4,792 sq ft |
Acreage | 0.11 Acres |
Fence | None |
Area | Hancock |
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County | Hancock |
Subdivision | Boyd Acres |
Township | Center |
City | Greenfield |
State | IN |
Zip | 46140 |
School District | Greenfield-Central Com Schools |
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Middle School | Greenfield Central Junior High Sch |
High School | Greenfield-Central High School |
Assoc. Dues | $0.00 |
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MLS# 21995048
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Melissa Ewald
Level Up Real Estate Group
MelissaEwaldRealtor@gmail.com
Listing updated August 19, 2024 at 5:46 pm
Last checked 8 minutes ago