$202,000
$199,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
339 N Dequincy ST Indianapolis, IN 46201
6,534 Sqft Lot
Key Details
Sold Price $202,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Layman & Careys Irvington Park Add
MLS Listing ID 21955632
Sold Date 01/05/24
Year Built 1909
Tax Year 2023
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Discover this remarkable, spacious all-brick duplex nestled in the charming Bosart Brown neighborhood, located on Indy's thriving near eastside. Both units boast 3 bedrooms, 1 full bathroom, and a generous 1394 sq ft of living space each. The 339 side has undergone recent updates and is currently tenant-occupied (with a lease until May 2024), generating $950/month in rental income. Meanwhile, the 337 side is vacant and simply requires some minor cosmetic touch-ups to truly shine. Both units feature stunning hardwood floors, original woodwork details, and full unfinished basements equipped with laundry hookups. Utilities are separately metered, providing decreased operating costs for the owner. The property has been professionally managed by T&H Realty, ensuring hassle-free ownership. A brand-new roof was installed in 2022, and both water heaters have been replaced within the past three years. The rear yard is divided and fully fenced, while the detached 2-car garage is also divided, granting each unit its own private yard and garage space. For savvy investors, a few updates could easily elevate this property's performance, possibly exceeding the 1% rule. Consider converting to Section 8 housing for an additional boost in cash flow. House-hackers will appreciate that a substantial portion of the monthly house payment can be covered by the tenanted side, making this an attractive opportunity. This versatile property offers numerous options - don't miss out! Schedule your showing today to explore its full potential!
Location
State IN
County Marion
Zoning D5
Interior
Heating Forced Air
Cooling Central Electric
Fireplace N
Exterior
Garage Spaces 2.0
Waterfront false
View Y/N true
Roof Type Asphalt
Parking Type Detached
Building
Story Two
Foundation Brick
Architectural Style TraditonalAmerican
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
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