$177,500
$179,900
1.3%For more information regarding the value of a property, please contact us for a free consultation.
5,662 Sqft Lot
SOLD DATE : 08/18/2023
Key Details
Sold Price $177,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision J P Madinger Heirs Add
MLS Listing ID 21928670
Sold Date 08/18/23
Year Built 1925
Tax Year 2021
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Fantastic Investment Opportunity! Cash Flowing Duplex within the 1% rule. Located in close proximity to the bustling commercial district on Rural & 10th, this property offers convenience and a vibrant neighborhood atmosphere. Within mere steps, you'll find popular establishments such as Gomez BBQ, Rabble Coffee, and 10th Street Diner, providing an array of dining and entertainment options for tenants. Currently, the tenants are paying $900 per month on each side, offering a solid rental income stream. It's worth noting that the current rent is below the market rate, allowing room for potential rent increases in the future. Additionally, the tenants are on a month-to-month lease. Don't pass this opportunity up!
Location
State IN
County Marion
Zoning D5
Interior
Fireplace N
Building
New Construction false
Schools
School District Indianapolis Public Schools
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