Description

Turn Key Quadplex Investment Opportunity at 1921-1923 LaSalle Street, Indianapolis Attention serious investors seeking immediate cash flow and long term stability. This fully occupied quadruplex presents a rare opportunity to acquire a high performing, fully renovated asset with dependable income, strong tenant demand, and minimal deferred maintenance. The property currently generates 4,138 dollars in monthly gross income, totaling 49,656 dollars annually. The income stream is anchored by high performing Section 8 units, providing reliable government backed payments and reduced vacancy risk. Unit 1921A generates 1,188 dollars per month and Unit 1923A generates 1,250 dollars per month, making them the two highest grossing units in the building. Additional income includes Unit 1921B at 900 dollars per month and Unit 1923B at 800 dollars per month. This property has undergone extensive renovations, allowing the next owner to step into a truly turn key investment. Major capital improvements include a new roof, new siding, new windows, updated electrical, updated plumbing, new flooring, new drywall, fresh paint, and numerous additional interior and exterior upgrades throughout the property. The renovations significantly reduce future maintenance concerns while enhancing tenant appeal and long term asset value. Beyond the strong financial performance, the property offers an attractive blend of stability and appreciation potential. Conveniently located near downtown Indianapolis with quick access to major employers, transit routes, dining, and redevelopment activity, 1921-1923 LaSalle is well positioned for continued rental growth and long term equity appreciation. Whether you are completing a 1031 exchange, expanding your rental portfolio, or seeking a stabilized multifamily investment with immediate income, this property delivers the combination of cash flow, renovations, and location that investors are actively searching for. Fully renovated, income pr