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Listed by Tyler Lingle • @properties
$ 239,900
Est. payment | /mo
4,791 Sqft Lot
$ 239,900
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Jennings
MLS Listing ID 22051384
Year Built 1930
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
Income-Producing Duplex - Ideal for Investors or House Hackers! Don't miss this exceptional opportunity to own a well-maintained duplex featuring two spacious 2 bed / 2 bath units. Whether you're an investor seeking strong returns or a buyer looking to offset your mortgage by living in one unit and renting the other, this property checks all the boxes. Unit 450 is currently leased at $1,100 per month through October, providing immediate income. Unit 452 is vacant and ready for a new tenant or owner-occupant, having previously rented for $1,325 per month. With a combined gross rental potential of $2,600 per month, this property exceeds the 1% rule, making it a standout investment. Each unit offers a functional layout, full bathrooms, and in-unit laundry hook ups. With one side already cash-flowing and the other move-in ready, this duplex is perfect for a house hacker looking to build equity while reducing living expenses. Add this income-generating property to your portfolio or make it your home with built-in rental income.
Location
State IN
County Marion
Zoning C1
Interior
Fireplace N
Exterior
Garage Spaces 2.0
Building
Story Two
Foundation Concrete Perimeter
Architectural Style Traditional
Structure Type Aluminum Siding,Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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Daniel Smith
REALTOR® | Lic# RB23000637