Great addition to your investment portfolio with this cash cow! Unique setting off of Bluff road situated on just over and acre. Two ranch homes with basements and a total of 4 producing units. One large house near the front of the lot includes 3 units. Updated laminate hardwood flooring, cabinets, kitchens and baths! New water lines throughout and updated electrical. 2nd home is on the rear of the property and features an easily accessible basement and wrap around wood deck. This 1 BR/1BA has the same updates throughout. Spacious gravel drive and parking for all of the tenants. Property is in a great rental area.
This income-producing gem brings in $3,900 monthly in rent! Unit A has been refreshed with updated plumbing, electrical, and lighting, while Units B and D have been fully modernized. A common laundry area adds convenience, and the attached garage offers the possibility of converting into a 6th unit. The lease for Unit B ended in July, with other units leased through January 2025. Plus, the property features an updated furnace and water heater, ensuring everything runs smoothly.
The median home value in Indianapolis, IN is $221,900. This is higher than the county median home value of $219,900. The national median home value is $338,100. The average price of homes sold in Indianapolis, IN is $221,900. Approximately 48.52% of Indianapolis homes are owned, compared to 40.53% rented, while 10.95% are vacant. Indianapolis 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 Indianapolis real estate agent to arrange a tour today!
Indianapolis, Indiana 46217 has a population of 880,104. Indianapolis 46217 is less family-centric than the surrounding county with 26.06% of the households containing married families with children. The county average for households married with children is 26.96%.
The median household income in Indianapolis, Indiana 46217 is $54,321. The median household income for the surrounding county is $54,601 compared to the national median of $69,021. The median age of people living in Indianapolis 46217 is 34.3 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 42.4 inches per year, with 21.6 inches of snow per year.