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Luxury Keys
1542 Bellefontaine Street, Indianapolis, IN 46202
- $1,050,000
- List Price
- $1,050,000
- MLS#
- 22124856
- Days on Market
- 22
- Status
- ACTIVE
Property Description
Income-producing luxury triplex in Old Northside, one of downtown Indy's most in-demand rental markets! Three separate units deliver multiple income streams: a 3 bed/3.5 bath main house, a 2 bed/1 bath lower-level unit and a 1 bed/1 bath carriage house, 6 beds, 5.5 baths and 3.5 kitchens in all. Proven operating history shows an approx. 7.4% cap rate at list price (before taxes and insurance; financials available upon request). Keep it as a turnkey furnished rental, lease long-term, or owner-occupy one unit while the others help cover the mortgage. Finishes that command premium rents: chef's kitchen with Cafe appliances, open living and dining with abundant natural light, primary suite with walk-out balcony, and a third-floor entertainment level with half kitchen, full bath and rooftop hot tub with skyline views. Carriage house has its own kitchen and private patio. 3-car garage. Walk to the Monon Trail, Mass Ave and Bottleworks, where tenants and guests want to be!
Additional Information
- Expenses
- 24633
- Owner Pays
- All Utilities
- Basement
- Ceiling - 9+ feet, Daylight, Egress Window(s), Finished, Full
- Foundation
- Concrete Perimeter
- Stories
- Three Or More
- Architecture
- Contemporary, Traditional
- Exterior Amenities
- Carriage/Guest House
- Acres
- 0.08
- Heat
- Forced Air
- Cooling
- Central Air
- Financing
- Exchange - 1031, Conventional, FHA
- Region
- Center
Listing courtesy of Kristin Glassburn. @properties
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.