This updated 2 bed/1 bathroom rental has great cash flow of $14,400/year, a 7.9% cap rate after expenses and a wonderful tenant. The water heater and the AC condenser are newer, and the house features white vinyl windows throughout, fresh interior and exterior paint, newer luxury vinyl plank flooring and… Read More a fully remodeled bathroom. This is located on a quiet street in an appreciating area with lots of renovations happening on the southeast side of Indianapolis near Fountain Square, Garfield Park, and just minutes from Downtown! Features like the welcoming covered front porch, fully fenced backyard, central air, spacious bedrooms, and interior updates will help retain quality tenants and make this rental a valuable addition to your portfolio. Buy both 1719 and 1717 Thaddeus as a package for $316,000 for a cap rate of 7.5% with combined annual cash flow of $30,120! No assignment of contracts. Read Less
Courtesy of Highgarden Real Estate.
Listing Snapshot
Days Online
19
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
953
Lot Size
0.1 Acres
Year Built
1955
MLS Number
MBR22004068
30 Days Snapshot Of 46203
$
-11%
(avg) sold price
55
+12%
homes sold
31
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "Gas Water Heater", "Laundry Connection in Unit", "Gas Oven", "Refrigerator"
Building
Area: 953, Architecture: "TraditonalAmerican", Building Area: 953, Construction Materials: "Vinyl Siding", Levels: "One", Year Built: 1955
Cooling
Details: "Central Electric"
Exterior Features
Patio Features: "Covered Porch"
Fence
Description: "Fence Full Rear", "Privacy"
Fireplaces
Total Fireplaces: 0
Heating
Heating: "Forced Air", "Gas"
Laundry
Description: "Main Level"
Lot
Acres: 0.1, MLS Acres: <1/4 Acre
Utilities
Water Source: "Municipal/City"
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