546 Eastern Avenue
546 Eastern Avenue
$399,000
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Pending
Description
Welcome to an exceptional investment opportunity in the heart of the flourishing St Clair Place neighborhood! This rare 4-plex promises both immediate returns and long-term potential. Located on the near eastside, just moments from downtown, this property boasts an enviable location amidst a wave of revitalization and gentrification. Professionally managed by PMI Midwest, this property offers ease of ownership and peace of mind. The neighborhood is witnessing a surge in new builds and fully remodeled...Welcome to an exceptional investment opportunity in the heart of the flourishing St Clair Place neighborhood! This rare 4-plex promises both immediate returns and long-term potential. Located on the near eastside, just moments from downtown, this property boasts an enviable location amidst a wave of revitalization and gentrification. Professionally managed by PMI Midwest, this property offers ease of ownership and peace of mind. The neighborhood is witnessing a surge in new builds and fully remodeled homes, affirming its appeal to investors seeking growth and stability. Currently, two units are occupied ($700 & $729), while two remain vacant, presenting an opportunity for immediate occupancy or renovation. The units are all one bedroom and one bathroom, offering approximately 700 sq ft of comfortable living space. All utilities are separately metered, and each unit has its own laundry hookups. With rates fetching up to $1000 per unit (Section 8), and the possibility of converting the basement into two additional units (zoned for 4-8 units), the income potential is substantial. The layout of the units and location of this property open avenues for versatile rental strategies, including short or medium-term rentals, to further enhance the cash flow potential. Don't miss out on the chance to capitalize on this prime investment in one of Indianapolis's most promising neighborhoods. Take advantage of the momentum in St Clair Place and secure your position in this dynamic market today!
- Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com
Property Details for 546 Eastern Avenue
Architectural Style
TraditonalAmerican
Subdivision NameHoltman & Topps
TownshipCenter
WaterfrontNo
Location
LISTING UPDATED: 05/31/2024 11:29 AM
Property Details for 546 Eastern Avenue
Status | Pending |
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MLS # | 21972983 |
Days on Market | 17 |
Taxes | $1,156 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1910 |
Lot Size | 0.14 AC / 6,098 SF |
County | Marion County |
Location
Building Information for 546 Eastern Avenue
Stories-Residences4Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$2,370 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 546 Eastern Avenue
Property History for 546 Eastern Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 546 Eastern Avenue
Taxable ValueLand$4,300Additions$258,500Total$262,800
Tax Record2023$6,234 ($519 / month)
Home Facts
Total Finished SqFt3,048 SqFtAbove Grade Finished SqFt3,048 SqFtStories2Lot Size6,120 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910Year Renovated1980ZoningZO01CountyMARIONAPN49-10-05-153-043.000-101
Schools near 546 Eastern Avenue
This home is within Indianapolis Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Thomas D. Gregg School 15 PublicPK to 6 | ||
Arlington Community Middle School Public7 to 8 | ||
George Washington Community High School (9-12) Public9 to 12 | ||
Arsenal Technical High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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