1216 W Rex Street

Meet the Yellow Cardinal! This 4-bedroom, 2,123 sq ft home sits just blocks from Ball State University, putting campus and everything Cardinals need right at your doorstep - an ideal setup for an investor or a Ball State parent. The big-ticket updates are already done for you: the furnace and A/C were replaced in 2025, new windows were installed throughout in 2025, and the water heater, refrigerator, and washer and dryer were all replaced in 2024. That means lower maintenance headaches and strong appeal for tenants from day one. Inside, the layout is built for roommates and rentability. The huge upstairs loft works as the 4th bedroom or a rec room hangout, the front porch is a perfect spot to relax or study, and the unfinished basement offers the 2024 washer and dryer plus tons of extra room for storage or another place to hang out. The Yellow Cardinal offers plenty of parking out back for multiple cars - something hard to find this close to campus! Turnkey, updated, and in the heart of Cardinal country - bring your investors, this one is ready to rent! the existing lease is assumable - step in as the new landlord with income from day one.