Discover an exceptional investment opportunity just a short bike ride from the coveted Monon Trail in one of the most sought-after areas of Carmel, Indiana. This fully renovated duplex offers a rare combination of modern upgrades, prime location, and strong rental income potential. Siding, gutters, roof, windows, and driveways. All-new plumbing and electrical systems, new floors, doors, trim, and lighting throughout, stunning kitchens with new cabinets, countertops, and modern appliances, luxurious bathrooms with fresh finishes, washer/dryer in each unit for tenant convenience. Each unit features 3 bedrooms and a thoughtfully designed floor plan. Privacy fence installed on the right side for added seclusion. Both units are tenant-occupied with rents paid up-to-date and room for annual increases. Inspection report and video walkthrough available for verified buyers. Showings available after accepted offer. Carmel is nationally recognized for its excellent schools, vibrant arts and culture scene, and thriving local economy. Known as one of the "Best Places to Live in America," the city boasts award-winning parks, the Monon Trail, and the bustling Carmel Arts & Design District. With its strong property values and steady demand for rental properties, Carmel offers investors a unique opportunity to secure a long-term asset in a flourishing community. 10634 is rented at $1455/month and 10636 is rented at $1860/month. 10636 is rented at the market rent. The potential rental income for both sides is $3720/month or $44,640/annually. Please do not disrupt the tenant. At the request of the seller, showings are only allowed upon acceptance of a purchase contract. Inspection report, video walkthrough will be available to verified buyers. Submit your best offer before the deadline: 5 PM on 1/24/25. The seller reserves the right to accept any offer prior to this deadline if deemed compelling. The listing agent is not authorized to disclose details of other offers.
The median home value in Carmel, IN is $500,000. This is higher than the county median home value of $387,100. The national median home value is $338,100. The average price of homes sold in Carmel, IN is $500,000. Approximately 70.88% of Carmel homes are owned, compared to 23.29% rented, while 5.83% are vacant. Carmel real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Carmel real estate agent to arrange a tour today!
Carmel, Indiana has a population of 98,137. Carmel is less family-centric than the surrounding county with 42.1% of the households containing married families with children. The county average for households married with children is 42.69%.
The median household income in Carmel, Indiana is $119,772. The median household income for the surrounding county is $104,858 compared to the national median of $69,021. The median age of people living in Carmel is 40.3 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 18.9 degrees. The average rainfall is approximately 42.2 inches per year, with 22.9 inches of snow per year.