About This Home

This 4-bedroom, 4-bathroom multi-family at 36 W 56th Street in Indianapolis, IN is listed for $699,900. Built in 1940, on a 0.30 acres lot.

Key Features

  • Built in 1940
  • 0.30 acre lot
  • 2 stories

Property Details

2 stories
4 full
2-car garage
1940

Amenities

A/C
Listing Description

Live for Less + Earn from Day 1... Absolutely enchanting opportunity - whether a house-hacker, pure investor, multi-generational household, or a portfolio buyer - this dreamy, English-Tudor duplex is a proven, steady, income-producing asset w/a 4.14% cap rate + $32,100 annual NOI (positioned below market rates + logically to increase at next lease renewal).

An 11-year track record of 100% occupancy w/happy, long-term tenants + no work required, this is truly a "unicorn" property. Set on leafy 0.30acre parcel mere steps from every favorite haunt in the Butler-Tarkington retail district, including: Illinois Street Food Emporium, Tinker Coffee, Kincaid's Market, Byrne's Pizza, Starbucks, Safeway, Graeter's + so many other hot spots!

Nestled deep on the lot, this handsome brick facade encases two mirror-image units loaded w/character. Both foyers feature wrought iron rails + hardwood floors that flow into the living + dining rooms. Both units feature their classic original fireplaces in both the living rooms + their respective lower level rec rooms!

Both dining rooms open to private screen porches overlooking the rear yard. Both upper levels feature two spacious bedrooms + classic original bathrooms w/original tilework + fixtures. Lower level rec rooms open to unfinished utility rooms w/lavatories + laundry areas. The property features a detached two car garage (one per unit). Stability + income + opportunity all wrapped in picture-perfect packaging...

Monthly Cost Estimate

$3,743/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

36 W 56th Street

Indianapolis, IN 46208

North Butler Terrace

Features & Amenities

Exterior Features

Storage Shed

Property Details

Construction

Brick

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 4-bedroom, 4-bathroom multi-family at 36 W 56th Street is listed at $699,900. The estimated monthly payment is $3,743 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.30 acre lot, 2 stories. Exterior Features: Storage Shed.

This property is listed by Jonathan Eriksen.

JE

Jonathan Eriksen

Agent at CENTURY 21 Scheetz

Listed by CENTURY 21 Scheetz · Broker phone: (317) 844-5111 · View on Broker Site · Broker website

MLS# 22089775· Source: Broker Listing Cooperative®· 225 days on PropertySimple

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36 W 56th Street, Indianapolis, IN 46208

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