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Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 21984458
Sold Date 10/11/24
Year Built 1940
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Property to be sold AS-IS. Fully occupied & Cash Flowing Duplex available in the Mars Hill area of Indianapolis. Both sides have 2 bedrooms, & 1 bathroom with 1092sf living space and an unfinished basement. Units are renting for $1050/mo and $1100/mo with leases until Feb and March 2025. Tenants pay utilities. 2 car split garage behind the property gives each tenant one garage spot as well as ample street parking. Recent upgrades include appliances, kitchen cabinets (in one unit), new carpet & paint, new furnace, & replaced sewer line. Property still needs some repairs, and is in great condition for it's age. Perfect 1% rule rental that should qualify easily for a conventional or DSCR financing. Perfect addition to add 2 rental units to your investment portfolio to grow your cash flow and wealth!
Location
State IN
County Marion
Zoning residential
Rooms
Basement Ceiling - 9+ feet, Unfinished
Interior
Fireplace N
Exterior
Garage Spaces 2.0
Waterfront false
Roof Type Asphalt
Building
Story Two
Foundation Block
New Construction false
Schools
School District Indianapolis Public Schools
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