Price Drop Indpls Cash Flowing Duplex w/Potential for 3rd Unit
263 N Routiers Ave Indianapolis, IN 46219
Now Only $185k OBO
Awesome property with amazing tenants and a Value Add Opportunity to Increase Cash Flow Even More!!! This remodeled 1790 sq ft duplex, built in 1950 on a crawl, is cash-flowing $995 for one unit and $1150 for the other for a total monthly income of $2145. The house sits on a large corner lot. Both units have 2 beds and 1 bath. Tenants pay their own utilities and neither tenant has a pet. Both are under a one-year lease.
There is off-street parking for each tenant and VALUE ADD POTENTIAL with an empty 2-car garage that could be rented for additional income or converted into an additional unit. There is a shared gated backyard. The inside of both units are well maintained featuring hardwood floors, washer/dryer hookups, tiled kitchen and bathrooms, and ceiling fans. Recent improvements include upgrading the electrical in both units and new central air units.
The inside the house is amazing and the outside of the house is in very good shape. The roof looks great. There are some areas in which the wood trim will need attention at some point as seen in the pictures. The garage will need some TLC. This property is professionally managed.
Click here for additional photos and video: Pics 263 Routiers Ave Indianapolis, IN – Google Drive