Live in one side and rent the other!! Located in Indy's Promise Zone near the bus line, this duplex has one side featuring two bedrooms and one bath, and the other side is a studio. The 2/1 side is currently rented by a Section 8 tenant paying $700 per month. The lease for this tenant ends in August 2018.
The second side still requires some work to be complete to get it rented out. Once complete, it could rent for $400 per month. With both sides leased, your monthly cash flow could be $1100 per month!!!
Recent updates include a new roof, new furnace and water heater on each side. New gutters and windows have been added to the rented side, as well. There is also a one-car detached garage, fenced in yard and separate basements for each side.
Duplex Comps within 1/4 mile include:
802 N Bradley - SOLD $39,900 (1/1 and 1/1.5 per side)
842 N Tuxedo - SOLD $41,500 (1/1 per side)
854 N Bradley - SOLD $52k (1/1 per side)
903 N Tuxedo - SOLD $76,500 (2/1 per side)
||918 N Kealing Ave, Indianapolis, IN 46201, USA
|Sq Footage Source
||I am the owner of this property and have authority to sell
||May 31st, 2018
Do your research before making any investment!
Seller assumes all responsibility for the content of this listing.