3178 N Capitol Ave - Apartments FOR SALE


Indianapolis, IN 46208- Crown Hill
$470,000 USD
317-732-7002
3178 N Capitol Ave, Indianapolis, IN for Sale
$470,000 USD
Apartments - FOR SALE
1/17
null | 12.62% Cap Rate

3178 N Capitol Ave
Indianapolis, IN 46208
Crown Hill


HIGHLIGHTS

  • Opportunity to add additional units.

OVERVIEW

Turnkey investment opportunity with value-add potential. $490,000 Appraisal Value June, 2026 as is before recent rent increases. Property currently brings in $6035/month with long-term tenants in place. Unit turns have been completed on all units, and the exterior features all new siding. Basement offers the ability to add 2 additional units or laundry/tenant storage to further increase income. Owner/agent. Contact for details.

FOR SALE DETAILS

PRICE

$470,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

5

PRICE/UNIT

$94,000

CAP RATE

12.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,297 SF

ZONING

ZO01

APN/PARCEL ID

49-06-23-143-100.000-101

ASK ABOUT THIS PROPERTY

Alyssa BurtonLeader Real Estate Group, Inc.More Info
317-732-7002

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Alyssa BurtonLeader Real Estate Group, Inc.More Info
317-732-7002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.