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Rare TRIPLEX For Under $50k!! Wait, What?!?!

62 N Sherman Drive Indianapolis, IN 46201
Price:
$34,900
Address:
62 N Sherman Drive
City:
Indianapolis
State:
IN
Zip:
46201
Bedrooms:
7
Bathrooms:
3

Located in the Promise Zone on a corner lot, this once triplex is a big project but will be a CRAZY money maker!! When fully leased, you could potentially bring in a gross rent up to $2000 PLUS per month!! WHOA! Originally set up as a triple, some walls were removed by previous owner making it 1 large house. I suggest adding those walls back in to capitalize on cash flow. As a triplex, it will be a 2/1, 3/1 and another 2/1. Or, you could make it a double with a 2/1 and a 5/2. The roof is about 10yrs old and appears to be in great shape. There is a lot of original character left in this house including nice hardwoods and woodwork throughout that can be restored. Recently sold multifamily within a quarter mile includes: 3702-04 E New York St - SOLD $65k (duplex, 3/1 per side, 59 DOM, same neighborhood as ours) 57-59 N Sherman - SOLD $67k (duplex, 3/1 per side, 67 DOM) 822 N Bradley - SOLD $68k (duplex, 3/1 per side, 59 DOM)

Extra Information for 62 N Sherman Drive Indianapolis, IN 46201
  • Seller Type: By Owner
  • Category: Multi-Family Residences for Sale
  • Square Feet: 3817
  • Listed Date: May 04, 2018

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