Indianapolis, IN 46203,1924 Homeridge DR
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Indianapolis, IN 46203,1924 Homeridge DR
Indianapolis, IN 46203,1924 Homeridge DR
Indianapolis, IN 46203,1924 Homeridge DR
Indianapolis, IN 46203,1924 Homeridge DR
Listed by Joe Farley • Tomorrow Realty, Inc.

$124,900

Est. payment /mo

$124,900

Est.Price: ?

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1924 Homeridge DR Indianapolis, IN 46203

10,018 Sqft Lot

SOLD DATE : 11/29/2023

Key Details

Sold Price $124,900

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Gay La Ridge

MLS Listing ID 21952687

Sold Date 11/29/23

Year Built 1969

Tax Year 2022

Lot Size 10,018 Sqft

Acres 0.23

Property Description

This duplex offers a great opportunity to an investor wanting a solid cash flowing property or a person or family can live in one side and rent out the other side to build equity with a lower payment. Either option is a smart move. The 1924 side is currently rented (mo. to mo.) while the 1926 side is vacant. This property is conveniently located just north of Beech Grove and each side has 2 bedrooms and 1 bath, gas heat and central air, vinyl clad windows, hardwood floors, a fenced rear yard, storage shed for each unit, and low maintenance stone exterior and vinyl soffits for no exterior painting. This one is a fixer upper and needs work to turn it into the gem that will produce cash flow for the new owner. Pay cash for it or use conventional financing and with 20% down it will produce positive cash flow and a 9.67% cap rate. Priced below value to allow for full rehab. Do not bother tenant on right side (1924). Tenants pay all utilities.

Location

State IN

County Marion

Zoning MULTI FAMILY

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Gas

Cooling Central Electric

Fireplace N

Exterior

Exterior Feature Barn Storage

Waterfront false

Roof Type Asphalt

Building

Story One

Foundation Block

Architectural Style Ranch

Structure Type Stone

New Construction false

Schools

School District Indianapolis Public Schools

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