new - 3 days on rocket

52 N 5th Ave, Beech Grove, IN, 46107

$325,000

Home List Price

$3,859*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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52 N 5th Ave, Beech Grove$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1915
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #21974021
Lot Size0.12 Acres
StatusActive

About 52 N 5th Ave

Incredible Triplex Investment Opportunity in Beech Grove! Welcome to an outstanding investment opportunity in the heart of Beech Grove! This triplex offers an excellent combination of great returns, prime location, and beautifully renovated interiors, making it an ideal choice for smart investors. Renovated Interiors: The interiors of this triplex were completely rehabbed prior to the current tenant move-in, ensuring modern comfort and appeal. From new kitchens, bathrooms, flooring, to fresh paint and appliances, everything has been upgraded to attract quality tenants and minimize maintenance costs. Excellent Rental Income: With gross rents totaling $3035 per month and leases in place, this property offers a stable and lucrative income stream. Great Cap Rate and Cash on Cash Return: These metrics demonstrate the financial viability and profitability of the investment, making it a smart choice for both seasoned investors and those new to real estate investment. Convenient Location: Situated just steps from Main Street, this triplex sits in an excellent location with easy access to all amenities. Tenants will appreciate the convenience of being within walking distance to shopping, essential services, restaurants and entertainment options. This prime location enhances tenant attraction and retention. Investment Highlights: Fully renovated interiors with modern amenities. Stable rental income with leases in place. Diverse unit configurations for tenant flexibility. Strong cap rate and cash on cash return. An appraisal from 2023 is available.

Property Details

Property Features

Property Information:

  • Architectural Style: TraditonalAmerican
  • Year Built: 1915

Listing Office:

  • Office Name: @properties
  • Office Email: dan@atpropertiesind.com
  • Listing Agent: Daniel McNeal

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Beech Grove Sr High School, Public District Grades 9-12
  • Beech Grove Middle School, Public District Grades 7-8
  • South Grove Intermediate School, Public District Grades 4-6
  • Central Elementary School, Public District Grades 2-3

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000

Tax Information:

  • Annual Amount: $3,514
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Beech Grove, IN.

Med. Sold Price

$188.1K

Med. Price/SqFt

$114

Avg. Days On Market

31

# of Sold Homes

18

52 N 5th Ave vs Beech Grove

3 DAYS ON ROCKET

-28 Days

$325,000

+$136.8K More

KEY TAKEAWAY

This property is $136.8K more than the Median Sold Price in Beech Grove, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21974021

Listing Office:

  • Office Name: @properties
  • Office Email: dan@atpropertiesind.com
  • Listing Agent: Daniel McNeal

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2024, 6:16:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 22, 2005Home Sold
$88,500

Tax History

YEARPROP. TAXASSESSMENT
2020$3,514$144,300
2019$2,936$140,300
2018$3,536$121,400
2017$3,299$119,000

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-152562
2
/10
  • Central Elementary School

  • 1000 Main St

  • 0.30 miles

  • Public District Grades 2-3

Middle School

school-card-donut-152563
3
/10
  • Beech Grove Middle School

  • 1248 Buffalo St

  • 0.50 miles

  • Public District Grades 7-8

school-card-donut-152564
3
/10
  • South Grove Intermediate School

  • 851 S 9th Ave

  • 0.99 miles

  • Public District Grades 4-6

High School

school-card-donut-152565
2
/10
  • Beech Grove Sr High School

  • 5330 Hornet Ave

  • 0.97 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,966. Residents of Beech Grove, IN typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesIndianaMarion CountyBeech Grove4610752 N 5th Ave

This home is located at 52 N 5th Ave in Beech Grove, IN and zip code 46107. This home, which was built in 1915, sits on a 0.12 acre lot. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $325,000.

Beech Grove, IN housing market in March 2024 saw over 4 listings sold above listed price, more than 6 sold at listed price and over 8 sold below. The inventory of homes for sale in Beech Grove, IN between February 2024 and March 2024 increased by 9.1%. Listings spent 31 days on the market in March 2024, and had a median list price of $188,150 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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