💰 Income-Producing Indianapolis TRIPLEX Opportunity | 236 S Randolph St, Indianapolis, IN 46201 For Sale

🔥 Triplex investment opportunity in Indianapolis with immediate rental income and upside potential! This property offers investors three units, current rental income of approximately $2,000/month, and potential to increase rents toward $3,000/month.

This 1923-built triplex features 1,504 square feet, a 1-bedroom/1-bath configuration per unit, an unfinished basement, and a 4,443 sq ft lot. The property also includes a separate parking area and shed.

Property Condition: Level 1 rehab with minor repairs. The roof is approximately 12 years old. The property uses baseboard heat and window A/C. Water heaters are approximately 12, 7, and 1 year old respectively.

🔧 Property Features:

• Triplex configuration
• 3 rental units
• 1,504 total SF
• 4,443 sq ft lot
• Unfinished basement with separate entrance
• Parking in the rear
• Shed included
• Baseboard heat
• Window A/C
• Water heaters approximately 12, 7, and 1 year old
• AES electric
• Citizens water and sewer

📈 Nearby Comparable Sales:

• 422/424 Villa Ave – 1/1 each, 624 SF each – Sold for $199,900; total rent reported at $2,465/month
• 221 S State Ave – 3/1 & 3/1.5, 1,120 SF each – Sold for $130,000 (as-is); total rent reported at $1,850/month
• 1712 E Maryland St – 1/1 & 2/2, 480 & 813 SF – Sold for $226,000; total rent reported at $2,500/month

Please do not disturb the occupants. Contact us for access details.

Property Disclosure

All properties are sold AS IS, WHERE IS. Buyers are responsible for completing their own inspections and due diligence prior to purchase. Properties are awarded to the highest and best offer.To secure an accepted contract, we require $5,000 non-refundable earnest money for cash purchases or $10,000 non-refundable earnest money when using hard money financing. Buyer is responsible for all closing costs, including the owner’s title insurance premium, and assumes any taxes due in November or May. Information provided is believed to be accurate but is not guaranteed. Buyers should independently verify all information before submitting an offer. To schedule a showing or submit an offer, reply to this email or call/text (317) 653-6245.

Agents: We welcome working with Realtors. Please add your commission on top of the advertised purchase price.