2419 E 10th Street Indianapolis, IN $ 500,000
2419 E 10th Street
$ 500,000
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2419 E 10th Street

Indianapolis, IN, 46201
$ 500,000
Baths0.0

Monthly Estimate*

$ 3,493

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $500,000. This home was built in 1965 on a lot size of 0.12.

Welcome to this incredible investment opportunity! Situated in a prime location, this fully renovated duplex could be a money maker for savvy investors looking to maximize their returns. Just minutes from downtown restaurants and entertainment. This duplex is offering convenience and accessibility to amenities, schools, and transportation options, enhancing its attractiveness to potential tenants. This three-story duplex has modern amenities and spacious layouts, with each side featuring 3 bedrooms and 2.5 bathrooms. Both sides of the duplex come with signed leases, providing stability and consistent cash flow for the investor. The 2417 side is leased until March 2025, while the 2419 side is leased until February 2026, ensuring immediate returns on investment. Owner Occupied Buyers will need to negotiate the release of Tenant Leases. With a total monthly rent income of $3,350, this property offers a substantial revenue stream. Tenants are responsible for all utilities and trash pick-up expenses further maximizing the potential ROI. Recently renovated from the basement up, this duplex exudes modern charm and functionality. With new finishes and new systems throughout. Costly repairs shouldn't be needed if well maintained. This is welcomed by the investor and the Tenant The property comes fully equipped with all new appliances, including two oven/range units, two dishwashers, and two refrigerators. Additionally, each unit features its own washer/dryer, conveniently located in the primary suite on the third floor. In summary, this cash-flowing duplex presents a compelling investment opportunity with its prime location, stable rental income, and renovations. Don't miss out on the chance. Owner Occupied Buyers are welcome. Tenant would need to be vacated per negotiated terms.

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Multi-Family Active

Price

$ 500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,208

Style

TraditonalAmerican

Lot Size

0.12

Year Built

1965

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21967799

Features
General
Possession Closing Negotiable Other
Roof Asphalt
Exterior Features Not Applicable
Architectural Style TraditonalAmerican
Construction Materials Cement Siding
Year Built 1965
Tenant Pays Security All Utilities Insurance Trash Collection
Township Center
Levels Three Or More
Property SubType Duplex
Tax Year 2022
Current Use Residential
County Marion
Net Operating Income 31108
Insurance Expense 2064
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Facing Direction North
Status Active
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 2.5
Disclosures Common Wall Agreement
High School District Indianapolis Public Schools
Total Units 2
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 5053
Waterfront Y/N N
Street Name 10th
Property Attached Y/N Y
Current Financing Exchange - 1031 Conventional Conventional SeeRemarks
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Days on Market 2
Structure Type Duplex Townhouse
Standard Status Active
Tax Lot 49-10-05-228-004.000-101
Buyer Agent Compensation Type %
Legal Description J D Hutchings Sub May Wasson Highland Pk Pt L10 L11 & L12 Nw Cor P.O.B. E41.5' S120' W41.5' N120' To Beg
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Interior
Basement Daylight/Lookout Windows Unfinished
Basement (Y/N) Y
Street Suffix Street
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Exterior
Parking Features Alley Access
Lot Size Acres 0.12
Road Frontage Type City Street
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* Excluded Features
List By
Exp Realty, Llc

Broker

rod.r.forrest@gmail.com

Email

Affordability Calculator

$3,760
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,493
Monthly Property Taxes
$267
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2024$500,000 Listed Price

Map


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2419 E 10th Street, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $500,000 with a lot size of 0.12. 2419 E 10th Street is a studio with 0.0 baths and was built in 1965. The property's zip code is 46201 which is in Indianapolis, IN