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Listed by Erica Shupert • Redfin Corporation
$ 230,000
Est. payment | /mo
5,662 Sqft Lot
$ 230,000
Est. payment | /mo
5,662 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22034654
Year Built 1930
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Duplex
Property Description
Investor alert! Don't miss this exceptional opportunity to add a cash-flowing, fully renovated duplex to your rental portfolio. This property features two income-producing units, both approved for Section 8 housing-ensuring consistent rent payments and reduced vacancy risk. The 3-bedroom, 1-bath unit rents for $2,200/month and includes updated finishes, a modern kitchen with stove, refrigerator, and microwave, plus in-unit laundry with a washer and dryer-an attractive feature for long-term tenants. The 2-bedroom, 1-bath unit is leased at $1,500/month and also includes a renovated kitchen with stove and refrigerator. All utilities are paid by the owner, streamlining tenant responsibilities and increasing rental desirability. With a total gross monthly rent of $3,700, this duplex offers immediate income and long-term upside in a growing rental market. This is a true turnkey property with no upfront renovation costs. Whether you're a seasoned investor or just getting started, this property is a smart buy with dependable returns. The tentative move in date for tenants is June 1, 2025.
Location
State IN
County Marion
Interior
Heating Forced Air
Fireplace N
Building
Story Two
Architectural Style TraditonalAmerican
New Construction false
Schools
School District Indianapolis Public Schools
Others
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