New-construction duplex in the Cottage Home Historic District on Indianapolis's near eastside, just east of downtown and Mass Ave. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,800 per unit is supported by 3-bedroom comparables within 2 miles. Pro forma: $43,200 gross potential… Read More rent, $30,857 estimated NOI at 5% vacancy and 8% management. Tree-lined, walkable streets with a Conservation Plan guiding compatible new construction. Taxes and insurance are estimates; buyer to verify. This property is broker owned. Read Less
Parcel Number: 491006158003000101, Legal Description: J M Ridenours State Ave Sub L14 Also Kollers Add Pt L8 Beg 34' S Of Nw Cor P.O.B. E20' S34' W20' N34' To Beg, Lot: L14, Year: 2025
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