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!
Click like to watch the VIDEO!
||1518-1520 Kennington Street, Indianapolis, IN 46225, United States
|Sq Footage Source
||I am the owner of this property and have authority to sell
||January 6th, 2018
Do your research before making any investment!
Seller assumes all responsibility for the content of this listing.