$130,000
$140,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
507 N Gladstone AVE Indianapolis, IN 46201
3,920 Sqft Lot
Key Details
Sold Price $130,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Tuxedo Park
MLS Listing ID 21972584
Sold Date 09/26/24
Year Built 1925
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
INVESTOR ALERT! Welcome to your next turnkey investment opportunity in Indianapolis - a lovely remodeled ranch duplex in the popular Tuxedo Park neighborhood! Located in the heart of Indy's near Eastside, this duplex is strategically situated for convenience and growth. It's an excellent location with tons of development happening in the area and less than a 10-minute drive into downtown. Completely renovated in the last ~4 years, this property boasts a newer roof, siding, windows, furnace, water heater, electrical, plumbing, carpet, paint, and more. Brand new furnace on the 509 side! Both units are identical, each featuring 1 bedroom/1 bathroom, 700sq ft, with an unfinished basement. Both are currently occupied, ensuring immediate income for the savvy investor. Rents are $650 per side. Unit 507's lease is month to month, and 509's is up in Oct 2024. Tenants pay for electricity, and the owner pays for water/sewer. Surrounded by parks, schools, shopping, dining, transportation, and more, this property offers a desirable lifestyle for tenants, ensuring strong demand and occupancy rates. Don't miss out on this prime opportunity to secure steady returns in a flourishing area!
Location
State IN
County Marion
Zoning MU1
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Exterior Feature Not Applicable
Waterfront false
View Y/N false
Roof Type Asphalt
Parking Type Street Only
Building
Story One
Foundation Block
Architectural Style Ranch
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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