Description

Income-Producing Quadplex Located in Marion County, this all-brick quadplex presents an outstanding value-add investment opportunity. Two of the four units are currently leased at 1,100 per month, providing immediate income, while the remaining two units are vacant. The property sits on an expansive 21,998 square foot lot, offering potential for additional improvements and long-term growth. With solid brick construction and spacious layouts, the building provides a durable foundation for increasing rental income and overall property value. This property is well-positioned for tenant appeal, with easy access to major commuter routes, schools, shopping, and everyday conveniences. It’s just minutes from downtown Indianapolis, making it an ideal location for renters seeking affordability and accessibility. For an investor seeking both immediate returns and future upside, this property checks all the boxes. The combination of existing leases, renovation potential, and location strength make this an excellent candidate for portfolio growth or 1031 exchange acquisition. This is a prime opportunity to acquire a stable income property with built-in upside-earn while you improve and set your rents to current market levels once renovations are complete. The two vacant units are available to view at any time. See the private remarks for showing instructions. UPDATE: The tenant in unit #1 is now in eviction status.