837 N Linwood Avenue, Indianapolis, IN 46201

$130,000
3
BD
1
BA
1,599
SqFt

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List Price
$130,000
MLS#
22136156
Property Type
Residential
Bedrooms
3
Bathrooms
1
Sqft. of Residence
1,599
Year Built
1926
Days on Market
0
Status
ACTIVE

Property Description

Investors, this is the one. Classic bungalow in historic Emerson Heights, priced at $130,000, with area rental comps around $1,250/month. That works out to roughly an 11.5% gross yield. Inside it's bright and airy, with hardwood floors throughout. The living room is built around a brick fireplace with built-in bookcases on both sides, and there are arched doorways and big, sunny windows. The kitchen has tile floor, and the range and refrigerator stay. 3 bedrooms and a full bath with a tub/shower. The full basement gives you storage and easy access to the mechanicals. Outside there's a covered front porch with a brick knee wall, a mature shade tree, a rear deck, a deep backyard and a detached 2-car garage off the alley. You're just off the East 10th Street corridor, where the city-backed 10th Street Emerging Cultural District is bringing new investment, and you're minutes from Irvington and downtown. Easy to rent, solid to hold. Bring your investors.

Additional Information

Basement
Unfinished
Foundation
Block
Number of Fireplaces
1
Fireplace Description
Living Room, Other
Stories
One
Architecture
Bungalow, Ranch
Equipment
Sump Pump
Interior
Attic Access, Built-in Features, WoodWorkStain/Painted, Paddle Fan, Pantry
Acres
0.10
Heat
Forced Air, Natural Gas
Cooling
Window Unit(s)
Financing
Conventional, FHA, IndianaHousingFinanceAuthority, VA
Appliances
None, Gas Water Heater, Electric Oven, Refrigerator
Semi-Annual Taxes
$1,563
Garage
Yes
Region
Center
Areas
Living Room Formal, Bedroom Other on Main
Eating Areas
Breakfast Room, Formal Dining Room

Listing courtesy of Josh Latham. RE/MAX Advanced Realty

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.