52 North 5th Avenue

Beech Grove, IN 46107

$325,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Daniel McNeal • @properties • dan@atpropertiesind.com

Property Details for 52 North 5th Avenue

Architectural Style
TraditonalAmerican
Subdivision Name
Beech Grove
Township
Perry

Location

Listing Courtesy of @properties
Add your commute
LISTING UPDATED: 05/01/2024 02:45 PM

Property Details for 52 North 5th Avenue

StatusPending
MLS #21974021
Days on Market8
Taxes$2,761 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1915
Lot Size0.12 AC / 5,227 SF
CountyMarion County

Location

Listing Courtesy of @properties
Add your commute

Building Information for 52 North 5th Avenue

Stories-Residences3Year Built1915Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$2,234 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,774

Property Taxes

$460

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 52 North 5th Avenue

Summary
Location and General Information
  • City: Beech Grove
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46107
  • Postal Code Plus4: 1326
  • Road Access: Not Applic
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491028139016000502
  • Semi Annual Property Tax Amt: 2761
  • Tax Year: 2023
  • TaxLot: 11
School Information
  • School District: Beech Grove City Schools
Owner
  • Owner Pays: Water
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: Corner Lot, Sidewalks, Storm Sewer, Street Lights
  • Lot Size Square Feet: 5314.0
  • Lot Size Acres: 0.12
  • New Construction: False
  • Structure Type: Triplex
  • Year Built Numeric: 1915
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Beech Grove L11 B122
  • Photos Count: 46
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Municipal Storm Connected
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement YN: Yes
  • Cooling: Central Electric
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: Connections Some
  • Multi Baths: 4
  • Multi Beds: 4
Multi Family
Multi-Family Information
  • Total Units: 3
Income & Expenses
  • Expenses: 0
  • Gross Income: $3,035.00
Unit 1
  • Unit Kitchen: 14X6
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 13X10
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Elec,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 14x12
  • Unit Levels: 2
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Elec,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: Electricity, Gas

Property History for 52 North 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.