3626 Birchwood AveIndianapolis, IN 46205

Property Details for 3626 Birchwood Ave

Lot size

0.68 AC

Property size (Sq ft)

3,923 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four duplexes, totaling eight units, situated in desirable Indianapolis neighborhoods. The properties, built between 1911 and 1975, offer a combined 3,923 square feet of net rentable space across four buildings, each two stories high. The portfolio sits on a 0.68-acre lot and is zoned D8, D5, and I3. Individual unit sizes vary, ranging from approximately 770 to 1,230 square feet, with lot sizes ranging from 0.12 to 0.25 acres. The asking price is $1,234,000. Currently generating approximately $141,660 in annual rent, this Class C multifamily property offers a 7.3% cap rate, even after accounting for management, maintenance, taxes, and insurance. One unit is currently vacant, providing potential for owner occupancy or immediate rental income. The property's strong cash flow and potential for future rent increases make it an attractive investment with long-term growth potential. This is a turnkey opportunity to acquire a well-performing, cash-generating multifamily portfolio in a thriving Indianapolis market. Addresses include 3626 Birchwood Ave, 4632 Bertrand Rd, 1226 Saint Paul St, and 8201 Old Farm Ln, all in Indianapolis, IN 46205.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8222

Longitude

-86.1399

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