2502 Columbia Avenue
Indianapolis, IN 46205
- – beds
- – baths
- – sqft
- 5,750 sqft lot
- 1921 build
More homes
Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail and the adjacent Monon 30 development adds a unique charm, promising an active and dynamic lifestyle for tenants. Each unit mirrors the other, boasting 2 bedrooms and 1 bathroom each, spanning a cozy 574 square feet, these units are designed for optimal functionality and comfort. One unit stands vacant, recently turned over and prepped for immediate occupancy, while the other is currently leased at $1000 per month under Section 8, on a month-to-month basis. Utilities are separately metered. Professionally managed by PMI Midwest, peace of mind comes standard with this investment. With a potential gross income of $2000, this property significantly surpasses the coveted 1% rule, ensuring robust returns on your investment. For the astute house hacker, the vacant unit presents an enticing opportunity to offset a substantial portion of the mortgage with rental income from the occupied side, maximizing your investment potential. Seize this opportunity to capitalize on the thriving Indianapolis real estate market and schedule your viewing today!
Last checked:
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Last updated Jun 25, 2024
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MLS# 21972109 —
The Building
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Year Built:1921
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Bungalow
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Levels:One
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Roof:Asphalt
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Basement:true
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Security Features:Smoke Alarm
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Green Certification:No
Interior
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Laundry Features:Connections All
Financial & Terms
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Buyer Financing:Cash
Location
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Directions:GPS Friendly
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Latitude:39.803499
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Longitude:-86.137192
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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Property Attached:true
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Parcel Number:490730123011000101
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Acres:<1/4 Acre
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Lot Features:Sidewalks
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Lot Size Acres:0.13
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Lot Size SqFt:5,750 Sqft
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Price Per Acre:1130769
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Additional Parcels:false
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Structure Type:Duplex
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View:false
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Waterfront:false
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Fence:No
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Current Use:Apt<20
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (317) 450-9202
- Office phone:
- (317) 846-6300
Taxes
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Tax Lot:1
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Tax Year:2023
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Semi Annual Property Tax Amt:1234
The Listing
Heating & Cooling
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Heating:Forced Air
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Cooling:None
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Schofield Harrison
Parking
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Parking:On Street
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 |
|---|---|---|---|---|
|
5/10/24
May 10, 2024
|
Sold | MIBOR | $147,000 | -5.2% |
|
4/24/24
Apr 24, 2024
|
Pending | MIBOR | $155,000 | |
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4/23/24
Apr 23, 2024
|
Listed / Active | MIBOR | $155,000 | 27.0% (8.9% / YR) |
