$ 400,000
1701 Woodlawn AVE Indianapolis, IN 46203
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Listed by Alexandria Hyche • Dix Realty Group
$ 400,000
Est. payment | /mo
5,227 Sqft Lot
$ 400,000
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Morris & Mills
MLS Listing ID 22001556
Year Built 1955
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Welcome to this meticulously maintained duplex in the dynamic neighborhood of Fountain Square, just a stone's throw from Downtown Indianapolis. Presenting a remarkable opportunity for both savvy investors and those looking to dip their toes into the real estate market while offsetting living expenses. This property has been successfully utilized as both a short-term and mid-term rental, demonstrating a robust history of consistent revenue generation. With its dual-unit configuration, investors can continue to leverage its income-producing potential across different rental markets, enhancing both flexibility and financial returns. It's an deal live-in investment for those considering an owner-occupant approach, this duplex offers an optimal solution. Reside in one unit and rent out the other to help cover mortgage costs, effectively reducing living expenses while building equity in a thriving market. Key Features Include: Contemporary kitchens in each unit, complete with all the modern conveniences needed for a turnkey operation. Generously sized living spaces designed to ensure comfort and appeal in the rental market. Strategic separation between units to ensure privacy and tenant satisfaction. This property is located perfectly for growth and convenience situated minutes from downtown, tenants or homeowners can enjoy easy access to Indianapolis's top attractions, culinary hotspots, and retail options. Fountain Square itself is renowned for its vibrant arts scene and community-centric events, boosting the locale's desirability and rental appeal. Don't miss out on this dual-purpose property, ideal for those aiming to invest in a lively area with proven demand and growth potential. A perfect starter investment or a smart addition to your portfolio, ready to generate income from day one.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Garage Spaces 2.0
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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