$259,000
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4695 Mathews Avenue Indianapolis, IN 46227
Duplex
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Discover your next prime investment opportunity or the ideal house-hacking setup with this spacious duplex, perfectly positioned on the south side of Indianapolis! Nestled on a large corner lot, this property features two distinct living spaces, each offering multiple value-add opportunities for the... savvy investor. The front unit is a charming, single-level 2 bedroom, 1 bath home with approximately 1,036 sq ft of living space. Currently tenant-occupied at $995/month (ends 12/31/24), it provides reliable cash flow from day one. The back unit is vacant and move-in ready, and presents even more potential. This unit is just over 2000sq ft and includes 2 bedrooms and 1 bath, and a fully renovated walkout basement that was taken to the studs and rebuilt. The basement adds 2 additional bedrooms, 1 bathroom, and a small kitchen, making it perfect for use as an in-law suite or even a separate third unit for extra rental income. The main level opens onto a massive walk-out deck, ideal for outdoor entertaining or relaxation. Both units feature private fenced yards, enhancing privacy and tenant appeal. The front unit has its own gravel parking spaces, while the back unit offers an attached two-car garage, ensuring convenient off-street parking. Utilities are separately metered and paid by the tenants, simplifying management and adding to the property's low-maintenance appeal. Whether you're an investor looking for a high-yield opportunity or a house hacker ready to live in one unit while renting out the other, this property offers unmatched flexibility and potential. Located just 15 minutes from downtown Indy and close to shopping, dining, and in the highly-rated Perry Township school district, this duplex is an unbeatable find!
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MLS#
22007878
Property Type
Duplex
Year Built
1954
Stories
1.0
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