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Listed by Martha Hernandez • eXp Realty, LLC
$ 850,000
Est. payment /mo
New
5925-5935 Devington RD Indianapolis, IN 46226
5,760 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,760 sqft
Price per Sqft $147
MLS Listing ID 22081197
Year Built 1966
Tax Year 2024
Lot Size 1.040 Acres
Acres 1.04
Property Sub-Type Multi-Family 5+
Property Description
Well-cared-for 8-unit multifamily property offering dependable income and long-term stability. Each unit features 2 bedrooms, 1 bath, and a detached one-car garage. The property is 100% occupied with long-term tenants and has been easy to own and manage. Current rents include 3 units at $900/month and 5 units at $950/month, with planned rent increases this year. Many updates have already been completed. Additional income potential exists through adding coin-operated laundry in the basement and creating or renting out storage space, offering a great opportunity for future upside. Ideal for an investor seeking a well-maintained, low-maintenance property with room to grow.
Location
State IN
County Marion
Zoning 3305
Rooms
Basement Finished
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Garage Spaces 4.0
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Story Two
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
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