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Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 219,900
Est. payment | /mo
6,098 Sqft Lot
$ 219,900
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Bellaire
MLS Listing ID 22126506
Year Built 1940
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Duplex
Property Description
INVESTOR OPPORTUNITY - OCCUPIED DUPLEX WITH TENANTS RESPONSIBLE FOR ALL UTILITIES! Add two income-producing units to your portfolio with this well-located Indianapolis duplex. The 2BR/1BA unit is currently rented for $950/month with a lease through March 2027, while the 1BR/1BA unit rents for $625/month on a month-to-month basis, providing $1,575/month or $18,900 annually in current base rental income. Tenants are responsible for gas and electric and reimburse the owner for water/sewer, helping keep utility costs with the occupants rather than the investor. Owner provides stoves and refrigerators. Furnaces are approximately 7-8 years old. The property also includes a basement and offers an appealing combination of established income and future flexibility, with one unit currently month-to-month. Priced at $219,900, this could be an excellent addition to an existing rental portfolio or an opportunity for a 1031 exchange buyer. Property sold as-is. Buyer to verify rents, lease terms, tenant utility reimbursements, expenses, measurements and all information important to buyer.
Location
State IN
County Marion
Interior
Fireplace N
Building
Story One
New Construction false
Schools
School District Indianapolis Public Schools
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