🔥 Cash Flowing Duplex with Equity 🔥| Indianapolis | ARV 250K PLUS

Marion County, Indianapolis, IN, 46201
Sold
Listed at: July 2nd, 2024
Price
$132,500
ARV
$250,000
Gross Margin
$117,500
Sq. Footage
1296
Type
Multifamily
Parking
Street
Year build
1900
Lot size
0.10 acres
Bedrooms
6
Bathrooms
2
Half Bathrooms
0
Summary

Discover this incredible investment opportunity in this **duplex**! 🏠✨

Property Info:

- Bedrooms/Bathrooms: 3/1 per unit 🛏️🛁
- Living Area: Approx. 1,296 sqft + 648 sqft additional basement area 📏
- Lot Size: 4,356 sqft 🌳

Vacancy Status:

- Occupied: Both units are occupied
- Lease End: December for unit 418, January for unit 420 📅
- Rent Collected: $905/month for unit 418, $825/month for unit 420
- TOTAL RENT COLLECTED/MONTH:** $1730 🤑

Conditions:

- Unit 418: Updated kitchen, baths, paint, and laminate flooring 🛠️✨
- Unit 420: Needs work 🔧
- 90% of Windows Replaced 🪟
- Roof: Only 7 years old 🏠🔨
- AC: 8 years old ❄️

Additional Features:

- Spacious Basement: Adding 648 sqft of additional usable space, perfect for storage or potential future improvements 📦🚀
- Low Maintenance: Tenants pay their own utilities and have separate meters 🔋💡

With leases ending soon, you have flexibility in tenant management and potential rent adjustments. Act now to secure this promising property! 🌟🔑

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Bibiana Pelaez

No reviews

Disposition manager