Active
8315 E 36th Place
Indianapolis, IN 46226 (MLS #MBR22015467)
$120,000
Beds
3
Baths
2
Square Ft.
1,181
Description
Investor alert! This is your opportunity to secure a cash-flowing property with built-in upside potential. Currently rented at $900 per month through January 2025, this turnkey 3-bedroom, 1.5-bath ranch home provides immediate income and a strong foundation for long-term gains. Once the lease expires, you can adjust the rent to match current market rates-or go even further and tap into the Section 8 program. With the IHA rate for a 3-bedroom property in Marion County at $2,110, you'll quickly surpass the coveted 1% rule and significantly boost your monthly cash flow. Located on the far east side of Indianapolis, your… Read More tenants will appreciate the convenience of being just minutes from Pendleton Pike's abundant shopping and dining options, close to the expansive Fort Harrison State Park for weekend recreation, and near major freeways for easy commutes. Dubarry Park is only a few blocks away, adding to the property's appeal. Plus, the newly installed HVAC system ensures low-maintenance comfort. Whether you're new to real estate investing or looking to add a stable, cash-flow-focused asset to your portfolio, this property is already working for you-and there's room to grow. Don't let this rare opportunity slip by! Read Less
Courtesy of Keller Williams Indpls Metro N.
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,181
Lot Size
0.33 Acres
Year Built
1960
MLS Number
MBR22015467
Appliances & Equipment
Description: "Dishwasher", "Dryer", "Electric Water Heater", "Electric Oven", "Range Hood", "Refrigerator", "Washer"
Building
Area: 1181, Architecture: "TraditonalAmerican", Building Area: 1181, Construction Materials: "Aluminum Siding", Levels: "One", Year Built: 1960
Cooling
Details: "Central Electric"
Exterior Features
Features: "Storage Shed", Patio Features: "Open Patio", "Porch Open"
Fence
Description: "Chain Link", "Partial"
Fireplaces
Total Fireplaces: 0
Garage
Garage Spaces: 1
Heating
Heating: "Forced Air", "Gas"
Laundry
Description: "Main Level"
Lot
Features: "Mature Trees", Acres: 0.33, MLS Acres: 1/4-1/2 Acre
Utilities
Water Source: "Municipal/City", Utilities: "Cable Connected", "Gas"
Area snapshot
30 Days Snapshot Of 46226
$144k
(avg) sold price
-15%
15
homes sold
-55%
30
(avg) days on market
+3%
Nearby Schools
*Please check the school district website to see all schools in this area
IPS Butler University Laboratory School 55
Public
PK-8
Crispus Attucks High School
Public
9-12
Arsenal Technical High School
Public
9-12
Rousseau McClellan Montessori School 91
Public
PK-8
Snapshot
Area Map
Mortgage Calculator
Monthly Payment
$0
The above figures are estimates and are not endorsed or certified. Check with your lender for actual interest rates.
Listing Information © Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Information Deemed Reliable But Not Guaranteed.
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