Income-producing opportunity in Indianapolis with a unique rooming-house setup and significant potential to increase monthly cash flow. The property is currently tenant-occupied with 3 tenants paying $500/month each, while the seller reports potential gross rental income of approximately $3,500/month when fully occupied.
The home offers 1,128 SF of living space plus an 838 SF basement and is reported to have 7 rooms/bedrooms, providing multiple potential income streams for an investor.
Property Highlights:
Single-Family Home / Previously Used as Rooming House
7 Rooms/Bedrooms Reported by Seller
2 Bathrooms
1,128 SF Living Area
838 SF Basement
Built in 1930
Tenant Occupied
Roof Less Than 10 Years Old
HVAC Reported Working
New Water Heater
Recently Replaced Windows
No Known Plumbing, Electrical, or Foundation Issues
Original Kitchen & Bathrooms
Potential for Value-Add Improvements
Current Rental Income:
3 Tenants × $500/Month = $1,500/Month Current Gross Rent
Seller reports potential gross rental income of approximately $3,500/Month when fully occupied.
Asking Price: $150,000
This property is an excellent opportunity for investors looking for an income-producing asset with the potential to increase cash flow through full occupancy and strategic updates. Ideal for a buy-and-hold investor or someone looking to maximize rental income.
Terms: Cash or Hard Money Buyers. Assignment of Contract. Buyer to perform their own due diligence regarding rooming-house regulations, zoning, rental licensing, occupancy requirements, current leases, and projected rental income. Serious buyers only.
For fastest response: Cherrie – Dispo Manager Call/Text: (404) 620-2544
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