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Listed by Tyler Lingle • @properties
$ 155,000
Est. payment /mo
Active
1849 E Minnesota ST Indianapolis, IN 46203
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Factory Place
MLS Listing ID 22044561
Year Built 1926
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Duplex
Property Description
Fully rented and cash-flowing, this 1 bed, 1 bath duplex presents an excellent opportunity for both investors and owner-occupants. Currently generating $1,525/month in gross rental income, there's clear upside potential-market rents are projected at $1,000-$1200/month per unit. With boths units on a month-to-month lease, there's flexibility to raise rents or renovate. Each unit is separately metered for utilities, simplifying management and improving efficiency. Recent upgrades include brand-new soffit replacement, and there's plenty of room to add value through cosmetic improvements. Whether you're looking to grow your portfolio or live in one unit while renting out the other, this property is packed with potential.
Location
State IN
County Marion
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Building
Story One
Foundation Block
Architectural Style Ranch
Structure Type Cement Siding
New Construction false
Schools
School District Indianapolis Public Schools
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