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6107 W 25th Street Indianapolis IN 46224
- -
- Bedrooms
- -
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.29
- Acres
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!
Property Details
Interior Features
Exterior Features
- Setting / Lot Description: Access, Busline, Sidewalks, Street Lights
- # Acres: 0.29
Listing Office: No Limit Real Estate, Llc
Office Contact: charlenegaard@aol.com
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Listing information last updated on May 13th, 2025 at 2:10pm EDT.
