Indianapolis, IN 46205,2502 Columbia AVE
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Indianapolis, IN 46205,2502 Columbia AVE
Indianapolis, IN 46205,2502 Columbia AVE
Indianapolis, IN 46205,2502 Columbia AVE
Indianapolis, IN 46205,2502 Columbia AVE
Listed by Peter Stewart • Keller Williams Indpls Metro N

$147,000

Est. payment /mo

$155,000

5.2%
Est.Price: ?

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2502 Columbia AVE Indianapolis, IN 46205

5,662 Sqft Lot

SOLD DATE : 05/10/2024

Key Details

Sold Price $147,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Schofield Harrison

MLS Listing ID 21972109

Sold Date 05/10/24

Year Built 1921

Tax Year 2023

Lot Size 5,662 Sqft

Acres 0.13

Property Description

Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail and the adjacent Monon 30 development adds a unique charm, promising an active and dynamic lifestyle for tenants. Each unit mirrors the other, boasting 2 bedrooms and 1 bathroom each, spanning a cozy 574 square feet, these units are designed for optimal functionality and comfort. One unit stands vacant, recently turned over and prepped for immediate occupancy, while the other is currently leased at $1000 per month under Section 8, on a month-to-month basis. Utilities are separately metered. Professionally managed by PMI Midwest, peace of mind comes standard with this investment. With a potential gross income of $2000, this property significantly surpasses the coveted 1% rule, ensuring robust returns on your investment. For the astute house hacker, the vacant unit presents an enticing opportunity to offset a substantial portion of the mortgage with rental income from the occupied side, maximizing your investment potential. Seize this opportunity to capitalize on the thriving Indianapolis real estate market and schedule your viewing today!

Location

State IN

County Marion

Interior

Heating Forced Air

Cooling None

Fireplace N

Exterior

Waterfront false

View Y/N false

Roof Type Asphalt

Building

Story One

Architectural Style Bungalow

Structure Type Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

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