1542 Bellefontaine Street, Indianapolis, IN 46202
- $1,050,000
- List Price
- $1,050,000
- MLS#
- 22124856
- Days on Market
- 2
- Status
- ACTIVE
Property Description
Income-producing luxury triplex in Old Northside, one of downtown Indy's most in-demand rental markets! Three separate units deliver multiple income streams: a 3 bed/3.5 bath main house, a 2 bed/1 bath lower-level unit and a 1 bed/1 bath carriage house, 6 beds, 5.5 baths and 3.5 kitchens in all. Proven operating history shows an approx. 7.4% cap rate at list price (before taxes and insurance; financials available upon request). Keep it as a turnkey furnished rental, lease long-term, or owner-occupy one unit while the others help cover the mortgage. Finishes that command premium rents: chef's kitchen with Cafe appliances, open living and dining with abundant natural light, primary suite with walk-out balcony, and a third-floor entertainment level with half kitchen, full bath and rooftop hot tub with skyline views. Carriage house has its own kitchen and private patio. 3-car garage. Walk to the Monon Trail, Mass Ave and Bottleworks, where tenants and guests want to be!
Additional Information
- Expenses
- 24633
- Owner Pays
- All Utilities
- Basement
- Ceiling - 9+ feet, Daylight, Egress Window(s), Finished, Full
- Foundation
- Concrete Perimeter
- Stories
- Three Or More
- Architecture
- Contemporary, Traditional
- Exterior Amenities
- Carriage/Guest House
- Acres
- 0.08
- Heat
- Forced Air
- Cooling
- Central Air
- Financing
- Exchange - 1031, Conventional, FHA
- Region
- Center
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