Available
$159,900(ARV: $250,000)64% of ARV

Marion County, Indianapolis, IN 46208

5 bd3 ba1,848 sfBuilt 1900

18 days ago

Gross spread$90,100

Description

AVONDALE ADDITION | INDIANAPOLIS, IN TWO UNITS • 5 BEDROOMS • 3 BATHROOMS • STRONG CASH FLOW POTENTIAL! Investors, here's your chance to pick up a value-add duplex in the Avondale Addition of Indianapolis! With two spacious units, separate utilities, and several major mechanical updates already completed, this property offers excellent potential for an investor looking to build equity and generate monthly rental income. PROPERTY DETAILS UPPER UNIT 3 Bedrooms / 2 Bathrooms Estimated rental potential: $1,250+/month Opportunity to increase value with updates and TLC LOWER UNIT 2 Bedrooms / 1 Bathroom Currently rented for $950/month Eviction proceedings have been initiated Estimated market rent: $1,000/month PROPERTY FEATURES & UPDATES Separate furnaces for each unit Separate electric meters — tenants pay electricity Owner pays water Roof approximately 10 years old HVAC, water heater, and A/C approximately 1–3 years old Value-add opportunity with cosmetic updates and TLC CASH FLOW POTENTIALRental IncomeMonthlyAnnualUpper Unit (Projected)$1,250$15,000Lower Unit (Projected)$1,000$12,000Total Potential Income$2,250$27,000 That's up to $27,000 in potential annual gross rental income at the projected rents! With some strategic improvements, this duplex could become an attractive income-producing property while offering the opportunity to build long-term equity. WHY INVESTORS SHOULD TAKE A LOOK Whether you're expanding your rental portfolio, searching for your next BRRRR opportunity, or looking for a duplex with value-add potential, this property deserves your attention. With separate electric utilities, newer major mechanical components, and the opportunity to increase rental income, the right investor could unlock strong cash flow and long-term upside. DON'T LET THIS OPPORTUNITY PASS YOU BY! Avondale Addition — Indianapolis, Indiana Contact us today for pricing, additional property details, and showing information! Property offered as-is. Rental amounts are estimates, not guaranteed income. Projected $27,000 annual gross rent assumes both units are rented at the stated projected rates for 12 months. Actual cash flow and ROI depend on purchase price, renovation expenses, vacancy, financing, taxes, insurance, maintenance, water, and other operating costs. Buyer to verify lease status, eviction proceedings, property condition, and all financial information.

$/sqft vs market

This deal$87/sqft
Market median$123/sqft
Difference−30% below

Median of 5 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms5
Bathrooms3
Square feet1,848
Lot size5,270 sf
Year built1900
ConditionLight Rehab
OccupancyTenant Occupied
ParkingUnassigned

Systems & condition

Roof age4-10 yrs
HeatingOther
Air conditioningCentral AC
FoundationCrawlspace
Foundation conditionGood

Self-reported by the seller. Not inspected.

Property information

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