517 N Riley Avenue Indianapolis, IN $ 229,000
517 N Riley Avenue
$ 229,000
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517 N Riley Avenue

Indianapolis, IN, 46201
$ 229,000
Baths0.0

Monthly Estimate*

$ 1,600

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View a Virtual Tour
Studio

Multi-Family Home for sale in Indianapolis, IN

for $229,000. This home was built in 1922 on a lot size of 0.14.

Investment opportunity in this 2-unit multifamily home in Emerson Heights. Explore this home via an interactive 3D home tour, complete with floor plans, video & more. Each unit includes 3 bedrooms and 1 full bathroom on the upper level. The main level features a great room, formal dining room, & kitchen. Both sides have basement storage. Hardwood flooring and custom built-in cabinetry accent the historic architecture. New roof and some new mechanicals. Before closing, a new air central conditioner will be installed for the 517 unit. A 2-car garage with alley access for additional storage. Fully-fenced backyard. Several recent renovations have been completed to the 517 unit. The 519 unit has not been renovated. Both units have separate meters, and the tenants pay their own bills. Do not disturb the tenant in the 519 unit. Write any Purchase Agreement subject to seeing the 519 unit. Once accepted, an appointment will be scheduled to view it.

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Multi-Family Pending

Price

$ 229,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,612

Style

TraditonalAmerican

Lot Size

0.14

Year Built

1922

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21976588

Features
General
Heating Forced Air Gas
Cooling Central Electric
Possession Negotiable
Architectural Style TraditonalAmerican
Construction Materials Aluminum Siding Brick
Year Built 1922
Township Center
Levels Two
Property SubType Duplex
Tax Year 2023
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Emerson Heights
Facing Direction West
Status Pending
Directions From Michigan Street between Emerson Avenue and Sherman Drive turn north on Riley Avenue. Home is on the right.
City Indianapolis
Buyer Agent Compensation 3
Disclosures Not Applicable
High School District Indianapolis Public Schools
Total Units 2
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 6186
Street Name Riley
Virtual Tour https://my.matterport.com/show/?m=5UADZ8Zbabs&brand=0 https://my.matterport.com/show/?m=5UADZ8Zbabs
Days on Market 3
Structure Type Duplex
Standard Status Pending
Tax Lot 28
Buyer Agent Compensation Type %
Legal Description Emerson Heights
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Interior
Basement Unfinished
Basement (Y/N) Y
Street Suffix Avenue
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Exterior
Fencing Fence Full Rear
Parking Features Alley Access Detached
Lot Features Sidewalks Mature Trees
Foundation Details Block
Lot Size Acres 0.14
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* Excluded Features
List By
David Brenton's Team

Broker

david@thebrentonteam.com

Email

Affordability Calculator

$1,901
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,600
Monthly Property Taxes
$301
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2024$229,000 Listed Price

Map


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517 N Riley Avenue, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $229,000 with a lot size of 0.14. 517 N Riley Avenue is a studio with 0.0 baths and was built in 1922. The property's zip code is 46201 which is in Indianapolis, IN