Thank you
Meighan Wise
Keller Williams Indpls Metro N
317-846-6300
Welcome to a rare find! It's not every day you come across a home that exceeds the 1 percent rule for investors. Nestled in the heart of a vibrant healthcare hub, this property boasts proximity to several major hospitals, making it an ideal investment opportunity. IU University Hospital and IU Methodist Hospital/Medical Center are a mere 1 mile away, while Eskanzi Hospital and the VA Hospital are just half a mile away. With such close proximity, this property presents a prime location for healthcare professionals and students alike, with the added benefit of attracting quality tenants. What sets this property apart is its income-generating carriage house in the back. Rent it out to travel nurses or utilize it as an Airbnb-the choice is yours. Either way, you're looking at instant cash flow. Combined with the front house, you can easily command $3,000+ a month in rental income. With a total of 3 bedrooms and 3 bathrooms spread across both the main house and carriage house, this property offers versatile living options for tenants. The main house features a fully renovated kitchen with brand new stainless steel appliances and sleek quartz countertops. Each bathroom in both the main and carriage houses has been meticulously updated for comfort and style. Moreover, all mechanicals have been updated, ensuring efficiency and reliability for years to come. This property also presents a fantastic opportunity for house-hacking, where you can live in the front house and rent out the back, potentially cutting your mortgage in half. Beyond its lucrative potential, this property is strategically located near downtown, the IUPUI campus, the zoo, and numerous amenities. Don't miss out on this investment opportunity in a rapidly evolving neighborhood. Take the plunge and secure your stake in this promising venture today.
Total Bedroom: 3
Total Baths: 3
Full Baths: 3
Rooms Total: 5
Has Basement: Yes
Hardwood Floors, In-Law Arrangement, Eat-in Kitchen
Appliances : Dishwasher, Electric Oven, Refrigerator
Construction Materials : Vinyl Siding
Heating: Forced Air
Cooling: Central Electric
WaterSource: Municipal/City
Year Built: 1955
Lot Description: Corner Lot
Lot Square Feet: 4400
Lot Acres: 0.1
Property Type: Residential
Sub Type: Single Family Residence
Style: Mid-Century Modern, Other
Original List Price: $259999
Tax Lot: 10
Tax Legal Description: Lentz Hrs Add 40' W Of 43' East End L10 L11 L12 Ol18 & 4' N End W 42.65' L10
Tax Year: 2023
Parcel Number: 491103130059000101
Asphalt
Water Source: Municipal/City
Subdivision: Stringtown
City: Indianapolis
Direction: GPS Friendly
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1818 W 10th Street, Indianapolis, IN,46222 | $45,000 | -- | -- | -- | -- |
2965 Kessler Blvd N Drive, Indianapolis, IN,46222 | $300,000 | 5 | 2 | 1,694 | 0.26 Acre |
3725 W Michigan Street, Indianapolis, IN,46222 | $425,000 | -- | -- | -- | 6.8 Acres |
3122 W New York Street, Indianapolis, IN,46222 | $313,990 | 2 | 3 | 1,868 | 0.04 Acre |
114 S Traub Avenue, Indianapolis, IN,46222 | $1,090,000 | 3 | 1 | 2,492 | 0.12 Acre |
258 N Tremont Street, Indianapolis, IN,46222 | $1,090,000 | 2 | 1 | 1,440 | 0.09 Acre |
283 N Tremont Street, Indianapolis, IN,46222 | $1,090,000 | 3 | 2 | 1,820 | 0.09 Acre |
218 N Tremont Street, Indianapolis, IN,46222 | $1,090,000 | 3 | 2 | 2,086 | 0.1 Acre |
38 N Tremont Street, Indianapolis, IN,46222 | $1,090,000 | 3 | 2 | 2,332 | 0.09 Acre |
3123 W New York Street, Indianapolis, IN,46222 | $339,990 | 3 | 4 | 1,868 | 0.12 Acre |
Disclaimer: The information being provided courtesy of MIBOR REALTOR® Association as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of theMIBOR REALTOR® Association. ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MIBOR REALTOR® Association. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
Based on information submitted to the MLS GRID as of 05/16/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.
ByOwner last updated this listing 05/16/2024 @ 18:20
MLS: MIBOR #21976663
LISTED BY: Meighan Wise, Keller Williams Indpls Metro N
SOURCE: MIBOR REALTOR® Association
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.