$189,900 Price Analysis    ♡   Indianapolis, IN 46241 Unknown bed None bath 2,184 SqFt ($86/SqFt) 5,227SqFt lot. Built 1940 Listed 2024-06-12, Taxes $3,093 | Ⓧ USDA Ineligible due to location near Indianapolis |
Property to be sold AS-IS.
Fully occupied and Cash Flowing Duplex available in the Mars Hill area of Indianapolis. Both sides have 2 bedrooms and 1 bathroom with 1092sf living space and an unfinished basement. Units are renting for $1050/mo and $1100/mo with leases until Feb and March 2025. Tenants pay utilities. 2 car split garage behind the property gives each tenant one garage spot as well as ample street parking.
Recent upgrades include appliances, kitchen cabinets (in one unit), new carpet and paint, new furnace, & replaced sewer line. Property stll needs some repairs and is in tremendous condition for it's age. Perfect 1% rule rental that should qualify easily for a conventional or DSCR financing. Perfect addition to add 2 rental units to your investment portfolio to grow your cash flow and wealth!
Presented by Kevin Hudoba at
Keller Williams Indpls Metro N.
Property MLS #21984458 from MIBOR
Road Frontage Type: City Street
Road Surface Type: Asphalt
Lot Size Square Feet: 5227
Parking Features: Detached
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Restrictions Source: 1, Pet Deposit Fee: 1
Tenant Pays: All Utilities
Unit Type: 2 Bedroom, 2 Bedroom
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Unit-1 Square Feet: 1092
Unit-2 Square Feet: 1092
Unit 1 Total Actual Rent: 1050
Unit 2 Total Actual Rent: 1100
Map directions Map directions Map directions Map directionsCounty: Marion
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential Income
Area: 4909 - Marion - Wayne
Source Neighborhood: 4909 - Marion - Wayne
Parcel Number: 491120118260000900
Postal Code Plus 4: 5222
Township: Wayne
Zoning: residential
Property Subtype: Duplex
Lot Number: 1930
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $81,400 + $5,000 $86,400 | $3,093 |
| 2021 | $81,400 + $5,000 $86,400 | $2,449 |
| 2020 | $69,100 + $5,000 $74,100 | $2,115 |
| 2019 | $66,000 + $5,000 $71,000 | $2,029 |
| 2018 | $56,000 + $5,000 $61,000 | $1,544 |
| 2017 | $57,200 + $5,000 $62,200 | $1,570 |
| 2016 | $50,700 + $5,000 $55,700 | $1,416 |
| 2015 | $49,700 + $5,000 $54,700 | $1,285 |
| 2014 | $44,900 + $5,000 $49,900 | $998 |
| 2013 | $46,600 + $5,000 $51,600 | $1,032 |
| 2012 | $48,100 + $5,000 $53,100 | $1,061 |
| 2011 | $46,500 + $3,400 $49,900 | $1,037 |
| 2010 | $48,500 + $3,400 $51,900 | $1,038 |
| 2008 | $52,400 + $3,400 $55,800 | $1,743 |
| 2008 | $48,500 + $3,400 $51,900 | $1,743 |
| 2006 | $52,400 + $3,400 $55,800 | $1,091 |
$189,900
MIBOR
Listed 2024-06-12
$200,000
MIBOR
Sold 2024-01-30
$159,375
Public Record
Listing removed 2024-01-25
$190,000
MIBOR
Price Changed 2023-10-05
$190,000
MIBOR
Listed 2023-09-01
$200,000
MIBOR
Foundation Details: Block
Levels: Two
Property Age: 84
Roof: Asphalt
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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.