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Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 129,900
Est. payment /mo
New
4601 E 19th ST Indianapolis, IN 46218
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Glenridge
MLS Listing ID 22126505
Year Built 1950
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Duplex
Property Description
AFFORDABLE, INCOME-PRODUCING DUPLEX WITH VALUE-ADD POTENTIAL! Clean, well-kept Indianapolis duplex offered at just $129,900 with both units currently occupied. The 2BR/1BA unit rents for $700/month with the current lease running through June 2027, while the 1BR/1BA unit rents for $475/month on a month-to-month basis, providing a combined $1,175/month in current rental income. Tenants pay gas and electric; owner pays water and sewer and provides stoves and refrigerators. Several major capital improvements have already been addressed, including a roof approximately 2 years old, furnaces approximately 4-5 years old, siding approximately 6-8 years old, and replacement windows approximately 12 years old. Full basement provides additional utility/storage space. With established tenants, significant improvements already completed, and potential opportunity to increase income over time, this property offers an appealing combination of current cash flow and future upside for the investor looking to add another door-or two-to the portfolio. Conveniently priced for a buy-and-hold investor or 1031 exchange buyer. Property sold as-is. Buyer to verify rents, lease terms, expenses, measurements and information important to buyer.
Location
State IN
County Marion
Interior
Fireplace N
Building
Story One
New Construction false
Schools
School District Indianapolis Public Schools
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