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Listed by Max Moore • @properties
$ 189,899
Est. payment | /mo
9,147 Sqft Lot
$ 189,899
Est. payment | /mo
9,147 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22109610
Year Built 1965
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Duplex
Property Description
Brick two-unit duplex on Indianapolis' near east side, offered at $189,999. Each unit features two bedrooms and one bathroom. The building was fully rehabbed in 2019-2020 with new flooring, drywall, and water heaters, and the roof was replaced within the last six to seven years. The structure sits on a clean concrete crawl space with thermal seal installed and relatively new crawl space plumbing that has performed without issue. Both units are occupied, turnover has historically been low, and the building averages one to two maintenance calls per year. Tenants pay their own utilities. In-place rents currently sit below market for this corridor, where comparable two-bedroom units support approximately $1,300 per month with light improvements, creating a clear path to increased income. Located in an established rental corridor minutes from downtown Indianapolis. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current rent roll and leases available upon request. Property sold as-is.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Exterior Feature Not Applicable
Building
Story One
Architectural Style Ranch
Structure Type Brick,Stone
New Construction false
Schools
School District Indianapolis Public Schools
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Sarah Beth Skidmore And Christie Snapp
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