216 S Emerson Avenue

Indianapolis, IN 46219 (MLS #22098346)
$229,000

Description

Value-add duplex opportunity on Emerson Avenue offering high visibility, strong rental demand, and clear upside through rent growth. This newly renovated property features two 2 bed / 1 bath units with separate electrical meters, helping reduce operating expenses and maximize net income. One unit is currently vacant and features recent renovations, making it rent-ready and providing an immediate lease-up opportunity at market rent. The second unit is occupied with the potential for future rent increases. Investors can quickly increase cash flow by stabilizing the vacant unit and aligning rents with market levels. Current expected market rents are between $1150-$1200. WithRead MoreRead Less
Courtesy of Real Broker, LLC.
Days Online
1
Last Updated
Property Type
Duplex
Lot Size
0.13 Acres
Year Built
1900
MLS Number
22098346
Basement
Description: "Interior Entry", "Unfinished"
Building
Construction Materials: "Wood Brick", Levels: "Two", Year Built: 1900
Exterior Features
Features: "Storage"
Fence
Description: "Partial"
Heating
Heating: "Baseboard", "Forced Air", "Natural Gas"
Laundry
Description: "In Basement"
Lot
Features: "Sidewalks", Acres: 0.13, MLS Acres: <1/4 Acre

Area snapshot

30 Days Snapshot Of 46219
$218k
(avg) sold price
-11%
32
homes sold
+6%
80
(avg) days on market
+23%
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
Arlington Middle School
Public
7-8
Christian Park Elementary School 82
Public
KG-6
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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