4601 E 19th Street
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.
Broker Details
NO LIMIT Real Estate, LLC (317) 440-2149
MLS ID: 24968 State License Number: RB14033327
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $129,900 |
| No. of Units: | 2 |
| Year Built: | 1950 |
| Opportunity Zone: | No |
| Price per unit: | $64,950 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 2 |
ID: 3yd-MIBORIN-22126505
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