Repriced to reflect current market conditions and positioned for immediate upside, this 2 bed / 1 bath per unit duplex in Christian Park presents a strong value-add opportunity just five miles east of downtown Indianapolis. One unit is currently leased month-to-month at $900, with the second unit vacant and ready… Read More for lease. At stabilized rents of $900 per side, the property offers compelling income potential with a projected 11%+ cap rate and strong debt coverage under current financing conditions. Major capital improvements have already been completed, including a new roof, siding, and gutters in 2022, new HVAC and central air, updated laminate flooring, tiled showers, and a new water heater in 2025. With these big-ticket items addressed, investors and owner occupants can step into reduced near-term maintenance exposure. Read Less
Courtesy of @properties, 630-301-1274.
Listing Snapshot
Days Online
171
Last Updated
Property Type
Duplex
Lot Size
0.13 Acres
Year Built
1924
MLS Number
22066065
Additional Details
Building
Construction Materials: "Vinyl Siding", Year Built: 1924
Cooling
Details: "Central Air"
Lot
Acres: 0.13, MLS Acres: <1/4 Acre
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.”
Based on information submitted to the MLS GRID as of ,
Confirm your time
Fill in your details and we will contact you to confirm a time.