2708 E 56th St
Multifamily | 2 Units | $250,000/unit
Marketing description
Positioned just east of Broad Ripple Village, 2708 E 56th Street offers investors direct access to one of Indianapolis’ most sought-after rental corridors. With walkable access to the Monon Trail, Broad Ripple Park, and a dense concentration of restaurants, shops, and nightlife, this asset is perfectly situated to serve lifestyle-driven tenants seeking convenience, charm, and connectivity.
The Broad Ripple area has long been a cornerstone of stable demand and upward rent growth. Backed by strong fundamentals—low vacancy, high walkability, and desirable unit mix—this submarket attracts young professionals, medical employees, and graduate students from nearby Butler University and IU Health systems.
With immediate cash flow, increasing property values, and rental demand that consistently outpaces supply, 2708 E 56th St offers investors a plug-and-play opportunity in a submarket primed for long-term appreciation and sustained tenant retention.
Investment highlights
🏘️ Stabilized Duplex in Premium Rental Zone
Unit Mix: (2) 3 Bed / 2 Bath | Approx. 2,500 SF Total
Monthly Gross Rent: $4,020
Situated just minutes from Broad Ripple Village, Monon Trail & Broad Ripple Park
📍 Prime Location for Lifestyle Renters
Walkable to trails, restaurants, nightlife & boutique retail
Near Keystone at the Crossing, Butler University, and Downtown Indy
Surrounded by high-quality tenant pool of professionals & students
💰 Strong Financial Performance
📈 Long-Term Equity Growth
10-Year ROI Projection: 267.94%
Projected 10-Year Appreciation: $171,958.19
Rental upside over time in a low-vacancy submarket
🏡 Desirable Asset Profile
Large, renovated floor plans ideal for long-term tenants
Low turnover, high demand for 3-bed rentals in this corridor
Attractive curb appeal and well-maintained structure
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