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Listed by Michael Miller • F.C. Tucker Company
$ 425,000
Est. payment /mo
New
1602 E Vermont ST Indianapolis, IN 46201
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Sturm & Kollers
MLS Listing ID 22130450
Year Built 1910
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
Expand your investment portfolio with this well-maintained, brick-exterior fourplex! The property includes two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one efficiency unit. The larger 2-bedroom unit offers 1,225 square feet, its own washer and dryer, and central air. The second 2-bedroom unit offers 827 square feet, while the 1-bedroom unit offers 884 square feet. Shared basement laundry serves these two units and the efficiency unit. Improvements include replacement of the gas distribution system in 2021 and substantial roof replacement in 2023. Gross scheduled annual charges total $41,340. Ownership has historically prioritized tenant retention and minimal vacancy over maximizing rents, offering an opportunity to evaluate future rental growth. See attachments for lease details, utilities and additional improvements. Buyers should independently verify market rents and future rental potential. Please do not disturb tenants.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Roof Type Asphalt
Building
Story Two
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
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