1701 Woodlawn Avenue, Indianapolis, IN 46203

$400,000
List Price
$400,000
MLS#
22001556
Days on Market
22
Status
ACTIVE
Unit Rent
1: 1953, 2: 1953
Unit Sqft
1: 1220, 2: 680
Unit Primary Bedroom Sqft
1: 12x12, 2: 15x15
Unit Kitchen Sqft
1: 18x12, 2: 15x20

Property Description

Welcome to this meticulously maintained duplex in the dynamic neighborhood of Fountain Square, just a stone's throw from Downtown Indianapolis. Presenting a remarkable opportunity for both savvy investors and those looking to dip their toes into the real estate market while offsetting living expenses. This property has been successfully utilized as both a short-term and mid-term rental, demonstrating a robust history of consistent revenue generation. With its dual-unit configuration, investors can continue to leverage its income-producing potential across different rental markets, enhancing both flexibility and financial returns. It's an deal live-in investment for those considering an owner-occupant approach, this duplex offers an optimal solution. Reside in one unit and rent out the other to help cover mortgage costs, effectively reducing living expenses while building equity in a thriving market. Key Features Include: Contemporary kitchens in each unit, complete with all the modern conveniences needed for a turnkey operation. Generously sized living spaces designed to ensure comfort and appeal in the rental market. Strategic separation between units to ensure privacy and tenant satisfaction. This property is located perfectly for growth and convenience situated minutes from downtown, tenants or homeowners can enjoy easy access to Indianapolis's top attractions, culinary hotspots, and retail options. Fountain Square itself is renowned for its vibrant arts scene and community-centric events, boosting the locale's desirability and rental appeal. Don't miss out on this dual-purpose property, ideal for those aiming to invest in a lively area with proven demand and growth potential. A perfect starter investment or a smart addition to your portfolio, ready to generate income from day one.

Additional Information

Expenses
12000
Owner Pays
All Utilities
Stories
Two
Acres
0.12
Financing
Conventional
Region
Center

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Dix Realty Group.

Information Deemed Reliable But Not Guaranteed. © 2024 Metropolitan Indianapolis Board of REALTORS®