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$ 145,000
Est. payment /mo
Coming Soon
1661 Pasadena Ave Indianapolis, IN 46219-2625
2 Beds
1 Bath
1,470 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,470 sqft
Price per Sqft $98
Bedrooms 2
Full Baths 1
Lot Size 7,013 Sqft
Property Description
1661 N Pasadena St
Indianapolis, IN 46219-2625
Turnkey Cash-Flow Rental – Exceeds 1% Rule
Asking Price: $145,000
Current Rent: $1,500/month + $200/month pet fee
Total Monthly Income: $1,700/month
Property Details
2 Bedrooms
1 Bathroom
1,470 total sq ft
735 sq ft main level
735 sq ft basement
Built in 1956
Investment Highlights
Exceeds the 1% rule
Strong in-place cash flow
Tenant in place
Turnkey opportunity
Recent Updates
New flooring throughout
Updated kitchen and appliances prior to current tenant placement
New gas lines
New plumbing
Updated bathroom fixtures
New water heater
Roof approximately 10 years old
Why This Deal Works
Immediate cash flow with additional pet fee income
Solid rent-to-price ratio
Larger total square footage with basement space
Minimal deferred maintenance based on recent updates
Important Note
Tax record ownership information is incorrect. Please do not rely on public ownership records for verification.
Indianapolis, IN 46219-2625
Turnkey Cash-Flow Rental – Exceeds 1% Rule
Asking Price: $145,000
Current Rent: $1,500/month + $200/month pet fee
Total Monthly Income: $1,700/month
Property Details
2 Bedrooms
1 Bathroom
1,470 total sq ft
735 sq ft main level
735 sq ft basement
Built in 1956
Investment Highlights
Exceeds the 1% rule
Strong in-place cash flow
Tenant in place
Turnkey opportunity
Recent Updates
New flooring throughout
Updated kitchen and appliances prior to current tenant placement
New gas lines
New plumbing
Updated bathroom fixtures
New water heater
Roof approximately 10 years old
Why This Deal Works
Immediate cash flow with additional pet fee income
Solid rent-to-price ratio
Larger total square footage with basement space
Minimal deferred maintenance based on recent updates
Important Note
Tax record ownership information is incorrect. Please do not rely on public ownership records for verification.
Location
State IN
County Marion
Listed by AMR Real Estate • AMR Real Estate