421 Villa Avenue

Indianapolis, IN 46201 (MLS #22088932)
$149,000

Description

Investor and owner-occupant opportunity at 421-423 Villa Ave in Indianapolis! This side-by-side ranch duplex features two mirror-image units, each offering 1 bed, 1 bath, and approximately 593 sq ft. The 421 side is tenant-occupied at $789/month on a month-to-month lease (tenant pays gas/electric and handles lawn care; owner pays water/sewer), while the 423 side has just undergone turnover and is move-in or rent-ready. At full occupancy, the property is projected to exceed the coveted 1% rule, with market rents estimated at $800-$850 per side . Utilities are efficiently configured with separately metered gas and electric and a shared water/sewer meter.Read MoreRead Less
Courtesy of Keller Williams Indpls Metro N.
Days Online
8
Last Updated
Property Type
Duplex
Lot Size
0.1 Acres
Year Built
1920
MLS Number
22088932
Building
Architecture: "Ranch", Construction Materials: "Vinyl Siding", Levels: "One", Year Built: 1920
Heating
Heating: "Forced Air", "Natural Gas"
Lot
Features: "Corner Lot", Acres: 0.1, MLS Acres: <1/4 Acre
Roof
Description: "Asphalt"

Area snapshot

30 Days Snapshot Of 46201
$217k
(avg) sold price
+33%
39
homes sold
+2%
112
(avg) days on market
-9%
Nearby Schools
*Please check the school district website to see all schools in this area
Crispus Attucks High School
Public
9-12
Shortridge High School
Public
9-12
Francis Bellamy Pre-School Center 102
Public
PK
Francis Parker Montessori School 56
Public
PK-8
Snapshot
Area Map

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Monthly Payment
$0

The above figures are estimates and are not endorsed or certified. Check with your lender for actual interest rates.

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.

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