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6107 W 25th Street, 
Indianapolis, IN 46224

$450,000


Bed


Bath


-

Sq Ft


Multi-Family

Pending

Listed by

Charlene Gaard

Robert Gaard

No Limit Real Estate, LLC.

317-440-2149

Last updated:

May 5, 2025, 11:37 PM

MLS#

22036400

Source:

IN MIBOR

About This Home

6107 W 25th Street

Fantastic investment opportunity! This turnkey, fully rented all-brick 4-plex in Speedway offers solid cash flow and long-term value. The property generates $48,720 annual gross income across four spacious 2 bed/1 bath units leased at $1,075, $995, $995, and $995. Tenants cover utilities, while the owner pays for water/sewer (~$120/month) and trash (~$125/month). Each unit is separately metered with its own furnace and central AC (three replaced in 2017, 2018, and 2025), with baseboard heaters as backup. Recent upgrades include a new roof (2017), windows (2018), asphalt driveway (2022), and carpet/LVP flooring in common areas (2023), all units recently updated ensuring a turn-key investment property. Dedicated carports for each unit and in-unit laundry add tenant appeal. Estimated annual expenses total $21,609, yielding a projected NOI of $27,111 and a 6.0% cap rate. Located minutes from Speedway attractions, major highways, dining, and shopping, this property is in a high-demand rental market with strong tenant appeal and future appreciation potential. Don't miss this prime investment opportunity!

Home Facts

Multi-Family

Built in 1961

Price Summary

450,000

MLS #:

22036400

Last Updated:

May 5, 2025, 11:37 PM

Added:

16 day(s) ago


Structure

Structure

Architectural Style:

TraditonalAmerican

Year Built:

1961


Lot

Lot Size (Sq. Ft):

12,632


Finances & Disclosures

Finances

Price:

$450,000

Source:IN MIBOR
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