Indianapolis, IN 46201,616 Eastern AVE
Indianapolis, IN 46201,616 Eastern AVE
Indianapolis, IN 46201,616 Eastern AVE
Indianapolis, IN 46201,616 Eastern AVE
Indianapolis, IN 46201,616 Eastern AVE
Indianapolis, IN 46201,616 Eastern AVE
See all 11 photos
Listed by Tasheana Hanza • Hanza Realty, LLC

$230,000

$250,000

8.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6,098 Sqft Lot


SOLD DATE : 08/08/2024

Key Details

Sold Price $230,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Hogate & Kings Rural St

MLS Listing ID 21984000

Sold Date 08/08/24

Year Built 1920

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Discover this well-maintained duplex on the east side, featuring solid long-term tenants and a fantastic investment opportunity. This property offers stability and a steady income stream, making it a perfect addition to any investment portfolio. Unit 1: Rented at $998/month Unit 2: Rented at $765/month (under market value, offering potential for rent increase). Tenants pay all utilities, ensuring low operational costs for the owner. Long-Term Tenants! Enjoy the peace of mind that comes with reliable, long-term tenants who care for the property. Nicely Kept Duplex:The property is well-maintained, reflecting the pride of both the owner and tenants. The interiors are clean and in good condition, minimizing the need for immediate repairs or renovations. This duplex is not just a property; it's a smart investment. The tenants pay all utilities, making it a hassle-free investment for the new owner. Potential for Growth:With one unit rented below market value, there is an opportunity to increase the rent and maximize your return on investment. Don't miss out on this fantastic opportunity to own a well-kept duplex with solid, long-term tenants.

Location

State IN

County Marion

Interior

Cooling Central Electric

Fireplace N

Building

Story Two

New Construction false

Schools

School District Indianapolis Public Schools

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


MIBOR MLS
Limitless Group Admin

ADMIN | License ID: RB22001577

+1(260) 212-1075 | admin@mylimitlessagent.com

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.