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401 Wallace Avenue

Indianapolis, IN 46201 (MLS #MBR22034837)
$205,000

Description

Spacious money-making duplex on the near east side of Indy! Both sides are occupied and on a Month to Month lease leaving the owner options to re-sign or make other plans. One tenant has been there since 2022. Each side rents for 1500. Seller has just put over 20k in improvements. Both units have central air. Two large bedrooms and 1.5 baths on each side. Unfinished basements with washer/dryer hookups. Professional property management in place. Nice street showing pride of ownership, in up-and-coming area. Close to downtown. Leases and ledgers available after accepted offer.
Courtesy of PMI Indianapolis.
Days Online
21
Last Updated
Property Type
Duplex
Lot Size
0.15 Acres
Year Built
1920
MLS Number
MBR22034837
Building
Architecture: "A-Frame", "Craftsman", Construction Materials: "Vinyl Siding", Levels: "One and One Half", Year Built: 1920
Heating
Heating: "Forced Air"
Lot
Acres: 0.15, MLS Acres: <1/4 Acre
Roof
Description: "Shingle"

Area snapshot

30 Days Snapshot Of 46201
$200k
(avg) sold price
-26%
46
homes sold
+15%
107
(avg) days on market
+35%
Nearby Schools
*Please check the school district website to see all schools in this area
Center For Inquiry School 2
Public
KG-8
IPS Butler University Laboratory School 55
Public
PK-8
Shortridge High School
Public
9-12
George Washington High School
Public
9-12
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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