For more information regarding the value of a property, please contact us for a free consultation.
845 N Dearborn ST Indianapolis, IN 46201
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $205,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision E T Woods Oakland Park
MLS Listing ID 21979857
Sold Date 07/12/24
Year Built 1920
Tax Year 2023
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Welcome to your next investment venture! This charming duplex, located at 845 N Dearborn St, Indianapolis, offers an excellent opportunity for savvy investors or homebuyers looking to generate passive income. Key Features: Prime Location: Situated in a desirable neighborhood, this property offers convenience and accessibility to local amenities, schools, and transportation routes. Income Potential: One side of the duplex is currently leased, providing a steady rental income of $995 per month. With one tenant already in place, you can start earning from day one. Versatile Living Space: The other side of the duplex is vacant and ready for occupancy. Whether you're looking to rent it out for additional income or move in yourself, this flexible space offers endless possibilities. Investment Flexibility: Investors have the option to rent out both units for maximum rental income or live in one unit while renting out the other to offset mortgage expenses. Low Maintenance: With separate entrances for each unit, maintenance and management are streamlined, making this property an attractive option for landlords. Investment Potential: Rental Income: The current rental income from one unit provides a solid foundation for immediate cash flow. With the second unit ready for occupancy, you have the potential to double your rental income. Appreciation: Indianapolis' real estate market has shown steady appreciation over the years, offering the potential for long-term capital growth on your investment. Don't Miss Out! Whether you're an experienced investor or a first-time buyer, 845 N Dearborn St presents an excellent opportunity to capitalize on the thriving Indianapolis real estate market. Schedule a viewing today and unlock the potential of this lucrative investment property! Seller IS accepting backup offers.
Location
State IN
County Marion
Interior
Heating Forced Air
Fireplace N
Exterior
Parking Type Alley Access
Building
Story Two
Architectural Style TraditonalAmerican
Structure Type Aluminum Siding
New Construction false
Schools
School District Indianapolis Public Schools
Read Less
© 2024 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.