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  • $185,000

    1924 Homeridge Dr, Indianapolis, IN 46203

    4beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1969
    -- sqft lot
    $218,200 Zestimate®
    $--/sqft
    $1,461 Estimated rent

    What's special

    This duplex offers a great opportunity to an investor wanting a solid cash flowing property or a person or family can live in one side and rent out the other side to build equity with a lower payment. Either option is a smart move. The 1924 side is currently rented (mo. to mo.) while the 1926 side is vacant. This property is conveniently located just north of Beech Grove and each side has 2 bedrooms and 1 bath, gas heat and central air, vinyl clad windows, hardwood floors, a fenced rear yard, storage shed for each unit, and low maintenance stone exterior and vinyl soffits for no exterior painting. This one is a fixer upper and needs work to turn it into the gem that will produce cash flow for the new owner. Pay cash for it or use conventional financing and with 20% down it will produce positive cash flow and a 9.67% cap rate. Priced below value to allow for full rehab. Do not bother tenant on right side (1924). Tenants pay all utilities.

    Zillow last checked: 7 hours ago

    Listing updated: December 01, 2023 at 02:47pm

    Listing Provided by:

    Joe Farley jfarleyrealestate@gmail.com,

    Tomorrow Realty, Inc.,

    Jessica Walser,

    Tomorrow Realty, Inc.

    Bought with:

    Julius Clark

    @properties

    Source: MIBOR as distributed by MLS GRID,MLS#: 21952687MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Features
    • Has basement: No

    Property

    Parking
    • Details: Unit Parking(On Street, Unpaved)
    Features
    • Levels: One
    • Stories: 1
    • Fencing: Partial
    Lot
    • Size: 10,018 sqft
    • Features: Corner Lot, Curbs, Trees-Small (Under 20 Ft)
    Details
    • Additional structures: Barn Storage
    • Parcel number: 491016102022000101
    • Zoning: MULTI FAMILY
    • Special conditions: None,As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family, Duplex
    • Attached to another structure: Yes
    Materials
    • Stone
    • Foundation: Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1969

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Gay La Ridge
    Services availability
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    Estimated market value

    $218,200

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $218,200