Indianapolis, IN 46201,616 Eastern AVE
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Indianapolis, IN 46201,616 Eastern AVE
Indianapolis, IN 46201,616 Eastern AVE
Indianapolis, IN 46201,616 Eastern AVE
Indianapolis, IN 46201,616 Eastern AVE
Listed by Tasheana Hanza • Hanza Realty, LLC

$230,000

Est. payment /mo

$250,000

8.0%
Est.Price: ?

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616 Eastern AVE Indianapolis, IN 46201

6,098 Sqft Lot

SOLD DATE : 08/08/2024

Key Details

Sold Price $230,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Hogate & Kings Rural St

MLS Listing ID 21984000

Sold Date 08/08/24

Year Built 1920

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Discover this well-maintained duplex on the east side, featuring solid long-term tenants and a fantastic investment opportunity. This property offers stability and a steady income stream, making it a perfect addition to any investment portfolio. Unit 1: Rented at $998/month Unit 2: Rented at $765/month (under market value, offering potential for rent increase). Tenants pay all utilities, ensuring low operational costs for the owner. Long-Term Tenants! Enjoy the peace of mind that comes with reliable, long-term tenants who care for the property. Nicely Kept Duplex:The property is well-maintained, reflecting the pride of both the owner and tenants. The interiors are clean and in good condition, minimizing the need for immediate repairs or renovations. This duplex is not just a property; it's a smart investment. The tenants pay all utilities, making it a hassle-free investment for the new owner. Potential for Growth:With one unit rented below market value, there is an opportunity to increase the rent and maximize your return on investment. Don't miss out on this fantastic opportunity to own a well-kept duplex with solid, long-term tenants.

Location

State IN

County Marion

Interior

Cooling Central Electric

Fireplace N

Building

Story Two

New Construction false

Schools

School District Indianapolis Public Schools

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