Description

Hey Multi-family Buyers!! Check out this duplex in Bates Hendricks! Each side is a studio with full kitchen and bathroom and three additional living spaces. See videos and pictures for a quick glance of these living quarters and exterior of the property. Each side is on a separate meter and is currently rented by long-term tenants paying under market rent at $425 each side on month-to-month lease. Current market rent would be closer to $600 per side. Kennington is a good area with other renovations happening on the same street. This home is also around the corner and well within walking distance to Lillian M Reiffel Elementary school and James A Garfield School 31. Duplex Comps within 0.25 mile: 1521 S East St - LEASED $599 per side 1521 Talbott St - SOLD $53k 341 Parkway Ave - SOLD $57k 1729 S Delaware St - SOLD $65k 1517 S Alabama St - SOLD $100k Same street Single Family Comps (if you were to convert it): 1421 Kennington (3/1, 1132 sf) - SOLD AS IS $52k 1529 Kennington (2/1, 780 sf) - SOLD AS IS $54k 1429 Kennington (2/1, 1218 sf) - SOLD after Flip $119k Click link for more PHOTOS! https://drive.google.com/open?id=1E3i1IFu8BrtL_sAYG_hL_lqtZbcRDnkI Click like to watch the VIDEO! https://drive.google.com/open?id=1rMEiQfl-S0yLubblbBNnoQ7C_kNIoPTp



Property Details

Property Status Expired
Location 1518-1520 Kennington Street, Indianapolis, IN 46225, United States
Price $60,000
Estimated Repairs $0
Square Footage 14000
Sq Footage Source tax_records
Estimated Equity $-60,000
Bedrooms 2
Bathrooms 2
Year Built 19000
Sellers Disclosure I am the owner of this property and have authority to sell
Publish Date January 6th, 2018

Seller Information

Will Hull

Mountain View, California
Member since June 2016
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