52 North 5th Avenue
52 North 5th Avenue
$325,000
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Pending
Description
Incredible Triplex Investment Opportunity in Beech Grove! Welcome to an outstanding investment opportunity in the heart of Beech Grove! This triplex offers an excellent combination of great 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...Incredible Triplex Investment Opportunity in Beech Grove! Welcome to an outstanding investment opportunity in the heart of Beech Grove! This triplex offers an excellent combination of great 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 a 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 just 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.
- Listed by Daniel McNeal • @properties • dan@atpropertiesind.com
Property Details for 52 North 5th Avenue
Architectural Style
TraditonalAmerican
Subdivision NameBeech Grove
TownshipPerry
Location
LISTING UPDATED: 05/01/2024 02:45 PM
Property Details for 52 North 5th Avenue
Status | Pending |
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MLS # | 21974021 |
Days on Market | 8 |
Taxes | $2,761 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1915 |
Lot Size | 0.12 AC / 5,227 SF |
County | Marion County |
Location
Building Information for 52 North 5th Avenue
Stories-Residences3Year Built1915Building Size-Lot Size0.12 AC / 5,227 SF
Payment Calculator
$2,234 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 52 North 5th Avenue
Property History for 52 North 5th 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 52 North 5th Avenue
Taxable ValueLand$17,000Additions$192,100Total$209,100
Tax Record2022$5,522 ($460 / month)
Home Facts
Baths0.5Total Finished SqFt2,172 SqFtAbove Grade Finished SqFt2,172 SqFtStories2Lot Size5,314 SqFtStyleTriplexYear Built1915ZoningZO01CountyMARIONAPN49-10-28-139-016.000-502Fireplace TypeMasonry
Schools near 52 North 5th Avenue
This home is within Beech Grove City Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 1 | |||
Public - | 2 to 3 | |||
Public - | 4 to 6 | |||
Public - | 7 to 8 |
Rating | School | Distance |
---|---|---|
Hornet Park Elementary School PublicPK to 1 | ||
Central Elementary School (Beech Grove) Public2 to 3 | ||
South Grove Intermediate School Public4 to 6 | ||
Beech Grove Middle School Public7 to 8 |
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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