713 W 32nd Street, Indianapolis, IN 46208

Property Description

Updated Triplex Near Downtown Indianapolis Located less than five minutes from downtown Indianapolis, this fully updated triplex offers immediate rental income and flexible owner-occupant or investment potential. The property includes: Front studio apartment Side 1-bedroom, 1-bathroom unit Rear 2-bedroom, 1-bathroom unit The studio and one-bedroom units are currently rented for a combined $2,500 per month, with payments made by the state for one year, providing established income to the new owner. The rear two-bedroom unit is renovated and furnished for use as a short-term rental or as a private owner-occupant residence. A buyer can live in the rear unit while rental income from the other two units helps offset monthly expenses-potentially creating an opportunity to live at a significantly reduced cost. Additional features include two separate utility meters, allowing utilities to be divided between units, included fixtures, separate fencing for privacy around the rear unit, and independently controllable heating and cooling. With its convenient downtown location, updated condition, existing rental income, and flexible living options, this triplex is an excellent opportunity for an investor or owner-occupant.