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Listed by Andy Tresize • Compass Indiana, LLC
$ 205,000
Est. payment /mo
Active
301 E Southern AVE Indianapolis, IN 46225
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22038501
Year Built 1920
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Duplex
Property Description
Attention buyers! This property is no longer part of a portfolio and now available for individual purchase! Don't miss this exceptional duplex located in the highly desirable Garfield Park area! With significant investment and revitalization efforts underway, this is a prime opportunity to secure a property in a flourishing neighborhood. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an newer investor that could live on one side and rent the other side out. This duplex is currently occupied by one tenant who is month-to-month, and another tenant on a one year lease, providing $1,900 total/month, with market rent potential of $2,420 total/month. Addresses are 301 and 303 E Southern Ave. Recent updates to the property include a newer roof, fresh paint, modern light fixtures, updated appliances, and renovated kitchen and bathroom, ensuring it's attractive to tenants and requires minimal upkeep. Located conveniently on the west side, this property offers easy access to a variety of amenities, including schools, parks, and shopping centers. Enjoy seamless connectivity to S Meridian St, Raymond St, Madison Ave, and highways I-70/65. Major employment hubs such as 16 Tech, IU Health Methodist Hospital, Eli Lilly, and downtown Indianapolis are just a short commute away, enhancing the property's desirability.
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace N
Exterior
Roof Type Asphalt
Building
Story Two
Foundation Block
Architectural Style Traditional
Structure Type Wood Siding
New Construction false
Schools
School District Indianapolis Public Schools
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