Fisher Apartments 5125 W 10th St 34 Unit Apartment Building $2,500,000 ($73,529/Unit) 7.20% Cap Rate Indianapolis, IN 46224

Speedway Fisher Apartments - 34-Unit Investment Opportunity in Indianapolis
Discover an exceptional investment opportunity with Speedway Fisher Apartments, a 34-unit multifamily property located on the vibrant west side of Indianapolis, IN. Nestled in the heart of Speedway, just six miles from downtown Indianapolis and minutes from the iconic Indianapolis Motor Speedway, this property offers a rare blend of strategic location, steady cash flow, and significant value-add potential.
Property Highlights:
Unit Mix: 34 well-maintained units that have efficient 400 Sq. Ft. Studeio/1bath floor plan designed for modern tenant needs. All 34 units have the same floor plan well suited for easy turns and maintenance.
Prime Location: Situated in Speedway, IN, a distinct community with its own government and offering residents a small-town feel with big-city access. The property is close to major events like the Indy 500 and Brickyard 400, attracting nearly 300,000 visitors annually.
Accessibility: Conveniently located near major highways, shopping, dining, and local amenities, and downtown Indianapolis for commuters and professionals.
Investment Potential: Strong rental demand driven by Speedway’s growing popularity and proximity to key employers and entertainment. Opportunities for rent increases and unit upgrades to boost ROI.
Community Appeal: Speedway Fisher Apartments are surrounded by charming neighborhoods featuring historic Foursquare, Tudor, Bungalow, and Craftsman-style homes, adding to the area’s unique character.
Stable Cash Flow: A well-occupied property with a history of consistent tenancy, ideal for investors seeking reliable income with room for growth.
Why Invest in Speedway Fisher Apartments?
Speedway Fisher Apartments is a turnkey investment with immense potential in a thriving market. The west side of Indianapolis is experiencing steady growth, driven by its proximity to major attractions and a robust local economy. Whether you’re a seasoned investor or entering the multifamily market, this property offers a unique chance to capitalize on Indianapolis’s dynamic real estate landscape.
Contact us today to schedule a tour and explore the possibilities with Speedway Fisher Apartments – your gateway to a high-performing asset in one of Indiana’s most exciting communities!