Seller's Agent in 2024
Daniel McNeal
@properties
(317) 902-3177
2 in this area
203 Total Sales
52 N 5th Ave Beech Grove, IN 46107
4
Beds
3
Baths
2,172
Sq Ft
5,314
Sq Ft Lot
Highlights
- Traditional Architecture
- Corner Lot
- Forced Air Heating System
About This Home
As of May 2024Incredible 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.
Last Agent to Sell the Property
@properties Brokerage Email: dan@atpropertiesind.com License #RB19000327 Listed on: 04/22/2024
Last Buyer's Agent
Cara Conde
Compass Indiana, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,522
Year Built
- Built in 1915
Lot Details
- 5,314 Sq Ft Lot
- Corner Lot
Parking
- Alley Access
Home Design
- Triplex
- Traditional Architecture
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Fire and Smoke Detector
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Utilities
- Forced Air Heating System
Community Details
- Beech Grove Subdivision
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for water
- Tax Lot 11
- Assessor Parcel Number 491028139016000502
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 22, 2024
Closed on
May 29, 2024
Sold by
1775 Jwoc Llc
Bought by
Ou Zi Xin
Seller's Agent
Daniel McNeal
@properties
Buyer's Agent
Cara Conde
Compass Indiana, LLC
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,824
Avg. Annual Appreciation
-5.63%
Original Mortgage
$228,750
Outstanding Balance
$226,887
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$58,132
Purchase Details
Listed on
Oct 4, 2022
Closed on
Mar 28, 2023
Sold by
Claystone Llc
Bought by
1775 Jwoc Llc
Seller's Agent
Robert Sorrell
Keller Williams Indy Metro NE
Buyer's Agent
Tyler Lingle
@properties
List Price
$220,000
Sold Price
$190,000
Premium/Discount to List
-$30,000
-13.64%
Views
48
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.86%
Original Mortgage
$211,250
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 26, 2021
Closed on
Aug 5, 2021
Sold by
Tupper Nathaniel
Bought by
Claystone Llc
Seller's Agent
Andrew Heimer
Heimer Real Estate LLC
Buyer's Agent
Robert Sorrell
Keller Williams Indy Metro NE
Sold Price
$156,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$100,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 6, 2021
Sold by
Tupper Gayle L
Bought by
Tupper Nathaniel
Purchase Details
Closed on
Jun 1, 2012
Sold by
Tupper Nathaniel B
Bought by
Tupper Gayle L
Purchase Details
Closed on
Dec 21, 2006
Sold by
Schnippel Kevin L
Bought by
Tupper Nathaniel B and Tupper Gayle L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
10.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $305,000 | None Listed On Document | |
| Warranty Deed | $190,000 | Foundation Title | |
| Warranty Deed | $156,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $228,750 | New Conventional | |
| Previous Owner | $211,250 | New Conventional | |
| Previous Owner | $100,000 | New Conventional | |
| Previous Owner | $88,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $305,000 | -6.2% | $140 / Sq Ft |
| 04/29/2024 04/29/24 | Pending | -- | -- | -- |
| 04/22/2024 04/22/24 | For Sale | $325,000 | +71.1% | $150 / Sq Ft |
| 03/30/2023 03/30/23 | Sold | $190,000 | -4.5% | $87 / Sq Ft |
| 12/22/2022 12/22/22 | Pending | -- | -- | -- |
| 11/03/2022 11/03/22 | Price Changed | $199,000 | -5.2% | $92 / Sq Ft |
| 10/10/2022 10/10/22 | Price Changed | $209,900 | -4.6% | $97 / Sq Ft |
| 10/04/2022 10/04/22 | For Sale | $220,000 | +41.0% | $101 / Sq Ft |
| 08/05/2021 08/05/21 | Sold | $156,000 | 0.0% | $72 / Sq Ft |
| 05/20/2021 05/20/21 | Pending | -- | -- | -- |
| 05/16/2021 05/16/21 | For Sale | -- | -- | -- |
| 05/05/2021 05/05/21 | Off Market | $156,000 | -- | -- |
| 03/26/2021 03/26/21 | For Sale | $179,900 | 0.0% | $83 / Sq Ft |
| 06/18/2015 06/18/15 | Rented | $500 | 0.0% | -- |
| 06/18/2015 06/18/15 | Under Contract | -- | -- | -- |
| 05/14/2015 05/14/15 | For Rent | $500 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,849 | $236,100 | $17,000 | $219,100 |
| 2023 | $5,849 | $209,100 | $17,000 | $192,100 |
| 2022 | $5,522 | $192,500 | $17,000 | $175,500 |
| 2021 | $4,459 | $161,400 | $17,000 | $144,400 |
| 2020 | $3,749 | $144,300 | $17,000 | $127,300 |
| 2019 | $3,514 | $140,300 | $14,000 | $126,300 |
| 2018 | $2,936 | $121,400 | $14,000 | $107,400 |
| 2017 | $3,536 | $119,000 | $14,000 | $105,000 |
| 2016 | $3,299 | $115,300 | $14,000 | $101,300 |
| 2014 | $2,433 | $103,700 | $14,000 | $89,700 |
| 2013 | $1,030 | $91,700 | $14,000 | $77,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
C
Buyer's Agent in 2024
Cara Conde
Compass Indiana, LLC
-
Seller's Agent in 2023
Robert Sorrell
Keller Williams Indy Metro NE
(317) 509-7943
2 in this area
127 Total Sales
-
Buyer's Agent in 2023
Tyler Lingle
@properties
(317) 443-5258
1 in this area
153 Total Sales
-
A
Seller's Agent in 2021
Andrew Heimer
Heimer Real Estate LLC
(317) 590-5829
2 in this area
46 Total Sales
-
Seller's Agent in 2015
Stephan Kline
Kline Properties, Inc.
(317) 852-7881
43 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21974021
APN: 49-10-28-139-016.000-502
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