5222 E Washington Street, Indianapolis 5222 E Washington St Immeuble residentiel 4 lots 548 688 € (137 172 €/Lot) Taux de capitalisation 10,56 % Indianapolis, IN 46219

Investor Alert! Don’t miss this rare, cash-flowing group home opportunity at 5222-5224 E Washington. Currently rented with 8 private tenants paying $200 per week, this property brings in between $6,400–$8,000 per month, based on a 13-month financial model (not traditional monthly rent). The owner has a waiting list, showing just how high the demand is for units like this.
The entire property has been completely renovated down to the studs in 2024 with all new mechanicals—4 furnaces, 4 water heaters, 4 condensers, plus brand-new electrical and plumbing systems throughout. Inside, you’ll find 8 private bedrooms, 4 full kitchens, and 4 bathrooms, providing ample space for residents and smooth operations for owners.
Outside, there is private parking behind the building and a large unfinished basement—ready for expansion. Whether you’re thinking of adding 3–4 additional units or converting it into 8 extra beds, the projected additional income could reach $6K–$8K per month, easily boosting your ROI.
If you're seeking a high-yield property with strong infrastructure, full occupancy, and immediate income, this is it. Schedule a showing today before this cash machine is gone!