Turnkey Duplex - One Side Leased at $700/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $700/month in rental income. The other side… Read More is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available. Prefer to sell both as a package, giving you the rare chance to own two side-by-side income-producing properties. Read Less
Courtesy of Austyn Avenue Real Estate, 317-500-5963.
Listing Snapshot
Days Online
30
Last Updated
Property Type
Duplex
Lot Size
0.12 Acres
Year Built
1945
MLS Number
22062223
Additional Details
Property Access
Frontage Type: City Street
Basement
Storage Space, Unfinished, Partially Finished
Building
Built in 1945, Levels: One
Cooling
Window Unit(s)
Foundation
Block
Heating
Natural Gas
Laundry
In Basement
Lot
0.12 acres, Access, Not In Subdivision, Sidewalks, Street Lights
Parking
Alley Access, On Street
Roof
Shingle
Taxes
Parcel Number: 491005209064000101, Legal Description: Ogle Et Al E Park Add L173, Year: 2024
Tenant Pays
All Utilities, Electricity, Gas, Insurance, Water
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The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or 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.”
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