546 Eastern Avenue

Indianapolis, IN 46201

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!

This is an Active listing.

Broker Office Phone Number: 317-846-6300

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