1701 Woodlawn Avenue
Indianapolis, IN 46203
- – beds
- – baths
- – sqft
- 5,140 sqft lot
- 1955 build
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.
Listing courtesy of MIBOR / Dix Realty Group
Last checked:
Checking…
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Last updated Sep 14, 2024
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MLS# 22001556 —
The Building
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Year Built:1955
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New Construction:false
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Levels:Two
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Basement:true
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Green Certification:No
Interior
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Laundry Features:In Basement
Location
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Directions:GPS Friendly
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Latitude:39.753966
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Longitude:-86.130475
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:491007188001000101
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Acres:<1/4 Acre
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Lot Size Acres:0.12
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Lot Size SqFt:5,140 Sqft
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Price Per Acre:3333333
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Structure Type:Duplex
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Current Use:Apt<20
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Road Access:Access Rd
Listing Agent
- Contact info:
- Agent phone:
- (317) 903-2333
- Office phone:
- (317) 344-9775
Taxes
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Tax Lot:n/a
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Tax Year:2023
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Semi Annual Property Tax Amt:1614
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Morris & Mills
Parking
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Parking:2 Car Garage,On Street
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Parking Features:Attached
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Garage Spaces:2
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/14/24
Sep 14, 2024
|
Listed / Active | MIBOR | $400,000 | 223.9% (46.6% / YR) |
11/15/22
Nov 15, 2022
|
Relisted | MIBOR | ||
10/26/22
Oct 26, 2022
|
Pending | MIBOR |