$465,000 Price Analysis    ♡   Indianapolis, IN 46225 Unknown bed None bath 3,300 SqFt ($140/SqFt) 4,792SqFt lot. Built 1917 Listed 2024-06-19, Taxes $5,592 | Ⓧ USDA Ineligible due to location near Indianapolis |
The marvelously updated Bates-Hendricks duplex is an investor's dream!
Each side has 3 bedrooms and 2.5 bathrooms, allowing you to maxmize rents and get a exceptional return on your investment. As it stands, this property is bringing in over $3000/month. However, according to rentometer.com the average rent for a home this size in the area is $1900 (per-side), so there may be an instant opportunity to improve ROI! This property has been gutted to the studs and will have your tenants proud to call it home! This property is being sold with a larger portfolio with the blc numbers: 21981814, 21981810, 21981802, 21981820, 21981817, 21981809, 21981807, 21981816, 21981806, 21981800, 21981811, 21981796, 21981813, 21981818, 21984186, 21981803.
The portfolio is valued at over 3.5 million. The seller is willing to accept an offer of $3, 000, 000 for the entire portfolio!
Presented by Dustin Branum at
AMR Real Estate LLC.
Property MLS #21981810 from MIBOR
Lot Size Square Feet: 4791
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Restrictions Source: 2.5, Pet Deposit Fee: 2.5
Unit Type: 3 Bedroom, 3 Bedroom
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 2.5
Total Bathrooms in Unit-2: 2.5
Total Rooms in Unit-1: 8
Total Rooms in Unit-2: 8
Unit-1 Square Feet: 1650
Unit-2 Square Feet: 1650
Unit 1 Total Actual Rent: 1400
Unit 2 Total Actual Rent: 1650
Map directions Map directions Map directionsCounty: Marion
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential Income
Area: 4914 - Marion - Center Sw
Source Neighborhood: 4914 - Marion - Center Sw
Parcel Number: 491113146097000101
Postal Code Plus 4: 1665
Township: Center
Property Subtype: Duplex
Lot Number: 1032406
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $120,800 + $7,700 $128,500 | $5,592 |
| 2021 | $120,800 + $7,700 $128,500 | $3,097 |
| 2020 | $108,000 + $7,700 $115,700 | $1,759 |
| 2019 | $87,000 + $3,700 $90,700 | $1,019 |
| 2018 | $59,600 + $3,700 $63,300 | $1,009 |
| 2017 | $56,600 + $3,700 $60,300 | $866 |
| 2016 | $52,800 + $3,700 $56,500 | $791 |
| 2015 | $50,200 + $3,700 $53,900 | $683 |
| 2014 | $48,400 + $3,700 $52,100 | $642 |
| 2013 | $44,600 + $3,700 $48,300 | $569 |
| 2012 | $44,000 + $4,200 $48,200 | $628 |
| 2011 | $32,600 + $5,900 $38,500 | $433 |
| 2010 | $32,600 + $5,900 $38,500 | $433 |
| 2008 | $35,000 + $5,900 $40,900 | $631 |
| 2008 | $32,600 + $5,900 $38,500 | $631 |
| 2006 | $51,600 + $6,400 $58,000 | $1,556 |
$465,000
MIBOR
Listing removed 2023-05-03
$0
Zumper
Listed for rent 2023-04-07
$1,650
Zumper
Listing removed 2023-04-05
$0
Zumper
Listed for rent 2023-04-04
$1,650
Zumper
Listing removed 2022-07-01
$0
Rently
Listing removed 2022-06-03
$0
TenantTurner
Listed for rent 2022-06-03
$1,400
Rently
Listing removed 2022-06-02
$0
Rently
Listed for rent 2022-06-01
$1,400
Rently
Listed for rent 2022-05-07
$1,450
TenantTurner
Sold 2021-12-29
$340,602
Public Record
Sold 2020-08-18
$52,000
Public Record
Sold 2006-05-17
$35,000
Public Record
Levels: Two
Property Age: 107
Property Condition: Updated/Remodeled
Architectural Style: TraditonalAmerican
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.