This beautifully remodeled quadraplex offers a rare opportunity for an owner-occupant to build wealth while significantly offsetting their monthly housing expense. The property features two spacious and updated 2-bedroom, 2-bath units and two updated 1-bedroom, 1-bath units, all thoughtfully renovated with granite kitchen countertops, newer appliances, and stackable washer and… Read More dryer units in each apartment. The lower-level 2-bedroom, 2-bath units each feature a covered front porch, private rear patio, yard/green space, and rear parking, creating an ideal setup for an owner occupant looking to enjoy the benefits of a private residence while generating rental income from the remaining units. Three of the four units are currently leased, providing immediate income potential from day one. This property is especially attractive for buyers looking to utilize an owner-occupied mortgage program, as many primary residence loan options allow financing for properties with up to four units. This creates a unique opportunity to live in one unit while the rental income from the other three units helps substantially offset - and potentially cover - a large portion of the monthly mortgage payment. Located in the heart of highly desirable Fountain Square, the property is within walking distance to popular restaurants, entertainment, and local attractions, with easy access to downtown Indianapolis, Eli Lilly, and major downtown events. Read Less
Courtesy of Highgarden Real Estate.
Listing Snapshot
Days Online
98
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
3
Square Ft.
2,040
Lot Size
0.14 Acres
Year Built
1880
MLS Number
22102547
30 Days Snapshot Of 46203
$222k
+6%
(avg) sold price
43
-10%
homes sold
80
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: Dishwasher, Dryer, MicroHood, Electric Oven, Refrigerator, Washer
Basement
Description: Cellar
Building
Area: 1438, Architecture: Traditional, Building Area: 2040, Construction Materials: Brick, Wood Siding, Levels: Two, Year Built: 1880
Cooling
Details: Central Air
Exterior Features
Patio Features: Covered
Fence
Description: Full
Garage
Other Garage Features: Guest Street Parking, Other
Heating
Heating: Baseboard, Forced Air
Kitchen
Other Features: Kitchen Updated
Lot
Acres: 0.14, MLS Acres: <1/4 Acre
Utilities
Water Source: Public
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