1502 Lexington Avenue

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Address: 1502 Lexington Ave, Indianapolis, IN 46203, USA
Created date: January 29, 2025
Date last updated: February 5, 2025

Property Description

Investment opportunity in the highly sought-after Fountain Square neighborhood! This versatile property features two separate rental units, each with its own private entrance, offering privacy and flexibility. The property can also be converted into a single-family home (SFH) or a SFH with an income-generating upstairs unit. Enjoy the fully fenced yard and a charming covered front porch, perfect for relaxing. The bedrooms feature durable LVP flooring installed just two years ago, while the main living areas showcase beautiful hardwood floors. Each unit has its own HVAC system for added convenience. In the downstairs unit, the fridge, dishwasher, microwave, and stove are all 2-5 years old, while the washer and dryer are approximately 15 years old. The upstairs unit includes a washer, dryer, microwave, stove, and dishwasher that are 2-5 years old, with a fridge that is about 10 years old. The downstairs electrical was updated 3-4 years before 2017. Upstairs was upgraded from knob and tube in 2017. All HVAC is from 2017. Located just one mile from downtown Indianapolis, this vibrant area boasts vintage shops, a wide variety of restaurants, an active art scene, live music, and more! Don't miss the chance to invest in this prime location.

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $335,000
No. of Units: 2
Year Built: 1880
Opportunity Zone: No
Price per unit: $167,500
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 1502 Lexington Avenue, Indianapolis, IN 46203, USA
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