Indianapolis IN Multi Family for Sale
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1954
- Baths:
- MLS#:
- 22007878
- Subdivision:
- Longacre
ADDITIONAL INFORMATION
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!
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1956
- Baths:
- MLS#:
- 21999093
- Subdivision:
- Elmore Bros Garden
ADDITIONAL INFORMATION
**Charming All-Brick Duplex in Prime Location - A Rare Investment Opportunity** Welcome to 3903 Bartlett Avenue, a beautifully maintained duplex nestled on nearly half an acre of lush, tree-lined property. Area market shows a potential monthly rent range of $1050-$1295 per unit. This turn-key ready duplex boasts two identical units, each offering 870 square feet of well-appointed living space, featuring 2 bedrooms and 1 bathroom per unit. Each unit is thoughtfully designed with its own private driveway and carport, along with a convenient storage shed and washer/dryer hookup. Recent renovations in 2023 have elevated this property to modern standards, ensuring comfort and style for tenants and owners alike. Upgrades include: Additional insulation between units for improved soundproofing. Brand new luxury vinyl plank (LVP) flooring throughout. Completely remodeled with contemporary finishes. All new interior and exterior paint for a crisp, updated appearance. New PEX plumbing supply lines, PVC drain pipes and recent replacements of electrical panels and water heaters (within the last 5 years) New ceiling fans, new back entry door on the Bartlett unit (2023), new front entry door on the Pacific unit (2022). A vapor barrier has been installed to enhance the property's longevity. The oversized lot offers ample space for future expansion. Consider adding a garage or accessory building, or explore the potential to split the parcel and develop a separate single-family residence (SFR). The duplex is equipped with separately metered electric and gas utilities, while water and sewer services are currently covered by the owner. Whether you're looking to generate consistent rental income or seeking a home thatoffers additional income potential, this duplex has it all. The Pacific unit is currently leased at $1035/month through March 2025, while the Bartlett unit is vacant and movein ready-perfect for a new tenant or an owner-occupant. Please do not disturb tenants.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
The information is being provided by Metropolitan Indianapolis Board of REALTORS®. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Indianapolis Real Estate
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 46227 has a population of 880,104. Indianapolis 46227 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 46227 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 46227 is 34.3 years.
Indianapolis Weather
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.