Indianapolis, IN 46201,1410 N Tuxedo ST
Indianapolis, IN 46201,1410 N Tuxedo ST
Indianapolis, IN 46201,1410 N Tuxedo ST
32
Listed by Devan Lunceford • Elite Indy Realty Group
$225,000
$195,000
15.4%
Est.Price: ?

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6,098 Sqft Lot

1410 N Tuxedo ST Indianapolis, IN 46201

Est. payment /mo
SOLD DATE : 09/16/2024

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Key Details

Sold Price $225,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Fletcher South Brookside

MLS Listing ID 21990900

Sold Date 09/16/24

Year Built 1910

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Welcome to an exceptional investment opportunity in the heart of Indianapolis! This charming duplex, located at 1410-1412 N Tuxedo St, offers two spacious 2-bedroom, 1-bath units. Perfect for investors looking to capitalize on the strong rental market or for those interested in house-hacking-living in one unit while renting out the other. Renting out a 2-bed, 1-bath unit in this area is highly lucrative, with comparable properties typically leasing for around $800 - $1,000 per month per unit. Additionally, for investors interested in Section 8 housing, the Indianapolis Housing Agency provides competitive rental payments, with Section 8 paying around $800 - $900 for a 2-bedroom unit in the 46201 ZIP code, ensuring a steady and reliable income stream. This duplex is ideal for those looking to enter the rental market or expand their portfolio, promising consistent rental income with the added benefit of house-hacking potential. By living in one unit, an owner can offset their mortgage with rental income from the other unit. The property is situated in a burgeoning neighborhood with easy access to local amenities, schools, and public transportation, enhancing its attractiveness to potential tenants. The bike-friendly streets and proximity to parks make it a desirable living location. Don't miss out on this fantastic investment opportunity in one of Indianapolis's most promising areas.

Location

State IN

County Marion

Interior

Fireplace N

Exterior

Garage Spaces 2.0

Parking Type Detached

Building

Story Two

Architectural Style TraditonalAmerican

Structure Type Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

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MIBOR MLS

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Chris Schulhof

Broker | License ID: RB14031306

+1(317) 506-7368

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