$147,000
$155,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
2502 Columbia AVE Indianapolis, IN 46205
5,662 Sqft Lot
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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