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Listed by Antwon Culbreath • Redfin Corporation
$265,000
Est. payment /mo
0.44 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision University Heights
MLS Listing ID 22122499
Year Built 1937
Tax Year 2025
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Duplex
Property Description
Investor opportunity with immediate rental income and significant value-add potential! This property includes two well-maintained homes, a buildable lot situated between them, and an additional heated garage. Further maximize the property by finishing the basement, which already has a separate private entrance, into an additional unit or developing the middle lot for a third standalone property. Both homes are currently leased through summer 2027, with the 2-bedroom home renting for $1,400/month and the 1-bedroom home at $950/month. With established rental income, multiple expansion opportunities, potential for future rent growth, and a convenient location near the University of Indianapolis, this property offers strong long-term investment potential. Additional properties from the same portfolio are also available for purchase.
Location
State IN
County Marion
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace N
Exterior
Garage Spaces 2.0
Building
Story One
Architectural Style Traditional
New Construction false
Schools
School District Perry Township Schools
Others
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