Indianapolis Cash Flowing Duplex
263 N Routiers Ave Indianapolis, IN 46219
$214,500
This 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 a 2-car garage could be rented for additional income. 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.
Overall, 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. If you are wanting to rent out the garage for additional income, it will need some TLC. This property is professionally managed.
Click here for additional photos and video: 263 N Routiers Ave Indianapolis, IN – Google Drive