Welcome to 1714 Union St, a strong-performing duplex investment located in the desirable Old Southside neighborhood, just steps from the continued growth and demand of Bates-Hendricks. This flexible asset produces $3,425/mo ($41,100/ yr) & offers multiple income strategies ideal for investors seeking above-market cash flow with long-term upside. Unit… Read More 1 is a traditional and spacious 2-bedroom, 1-bath apartment featuring high ceilings, large eat-in kitchen, formal dining room, laundry room, hardwood floors, & comfortable layout. Providing stable income at $1,150/mo which can easily bring in more based on the market rent for the area. Unit 2 is configured for by-the-room rental, maximizing income potential. This unit includes a shared kitchen &1 full bathroom (common area), 1 ensuite bedroom w/ a private full bath, and 2 additional bedrooms, with 1 currently utilized as a large double room. Total rent for Unit 2 is $2,275 per month, broken down as follows: Ensuite bedroom: $575/month, Large (double) bedroom: $600/month, other 2 bedrooms: $550/month each. However, Unit 2 could easily be rented as a 4 bed 2 full bath whole unit instead. The property has seen key updates that enhance durability and reduce future capital expenses, including updated electrical and plumbing, new Hardie siding, and a furnace approximately five years old. The fully chain-link fenced yard adds functionality & tenant appeal. With strong in-place income, a proven rental model, and a prime location near one of Indianapolis' most active redevelopment areas, 1714 Union St presents an exceptional opportunity for investors looking to acquire a cash-flow-focused property with built-in flexibility. Read Less
Courtesy of RE/MAX Advanced Realty, 317-717-4510.
Listing Snapshot
Days Online
25
Last Updated
Property Type
Duplex
Lot Size
0.13 Acres
Year Built
1900
MLS Number
22078411
Additional Details
Building
Year Built: 1900
Cooling
Details: "None", "Wall Unit(s)"
Fence
Description: "Chain Link", "Fence Complete"
Heating
Heating: "Forced Air", "Natural Gas"
Laundry
Description: "Connections Some", "Laundry Room"
Lot
Acres: 0.13, MLS Acres: <1/4 Acre
Roof
Description: "Shingle"
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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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