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Listed by Julie Gibbs • F.C. Tucker Company
$165,995
Est. payment /mo
5,662 Sqft Lot
New
4614 E 16th ST Indianapolis, IN 46201
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22063312
Year Built 1958
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Duplex
Property Description
Attention all investors, take a look at this affordable cash flow duplex! Experienced investors as well as newer ones often reference the "ONE PERCENT RULE" for analyzing investments. Those properties are true unicorns. Well, you have just found one! Pro forma gross revenue $1750, which means this property may easily be valued at $175,000. Don't pass this rare gem! You are good to go, both sides are currently rented! Great location, close to shopping, dining, transportation, interstate and all that downtown has to offer!
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Fireplace N
Building
Story One
Architectural Style Bungalow
New Construction false
Schools
School District Indianapolis Public Schools
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