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601 N Sherman Drive, Indianapolis, IN 46201

$239,000
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List Price
$239,000
Price Change
▲ $19,000 1784926641
MLS#
22099336
Days on Market
154
Status
ACTIVE
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Property Description

Back on Market due to no fault of the Seller. -- Rehabbed, income-producing duplex offers a great opportunity in a rapidly developing area of Indianapolis. This move-in ready property features two spacious 3 bed, 1 bath units with open concept floor plans and basements on each side, including washer/dryer connections for added tenant convenience. One unit is currently rented at $1,200/month, making this an ideal opportunity for investors looking for immediate income and a property that meets the highly sought-after "1% rule." Major capital improvements have already been completed, including new roof, gutters, and siding in 2021, new sewer line and plumbing in both units, updated HVAC systems with central AC replaced in 2020 and 2022, plus new interior paint and flooring throughout. Unit 603 was fully renovated in 2021. Located near an IndyGo bus stop and offering quick access to downtown Indianapolis and major highways, this duplex combines location, updates, and rental appeal into one strong investment opportunity.

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Additional Information

Tenant Pays
Electricity, Gas
Basement
Daylight, Unfinished
Stories
Two
Architecture
Traditional
Acres
0.13
Heat
Forced Air
Cooling
Central Air
Region
Center
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Listing courtesy of Drew Tomasik. @properties

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


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