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2502 Columbia Avenue Indianapolis, IN $ 155,000
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$ 155,000 Get more info
2502 Columbia Avenue
$ 155,000
Back to search
Share Save

2502 Columbia Avenue

Indianapolis, IN, 46205
$ 155,000
Baths0.0

Monthly Estimate*

$ 1,083

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View a Virtual Tour
Studio

Multi-Family Home for sale in Indianapolis, IN

for $155,000. This home was built in 1921 on a lot size of 0.13.

Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail and the adjacent Monon 30 development adds a unique charm, promising an active and dynamic lifestyle for tenants. Each unit mirrors the other, boasting 2 bedrooms and 1 bathroom each, spanning a cozy 574 square feet, these units are designed for optimal functionality and comfort. One unit stands vacant, recently turned over and prepped for immediate occupancy, while the other is currently leased at $1000 per month under Section 8, on a month-to-month basis. Utilities are separately metered. Professionally managed by PMI Midwest, peace of mind comes standard with this investment. With a potential gross income of $2000, this property significantly surpasses the coveted 1% rule, ensuring robust returns on your investment. For the astute house hacker, the vacant unit presents an enticing opportunity to offset a substantial portion of the mortgage with rental income from the occupied side, maximizing your investment potential. Seize this opportunity to capitalize on the thriving Indianapolis real estate market and schedule your viewing today!

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Multi-Family Pending

Price

$ 155,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,468

Style

Bungalow

Lot Size

0.13

Year Built

1921

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21972109
Features
General
Heating Forced Air
Cooling None
Possession Subject To Tenants Rights
Roof Asphalt
Architectural Style Bungalow
Security Features Smoke Alarm
Construction Materials Vinyl Siding
Year Built 1921
Tenant Pays All Utilities
Township Center
Levels One
Property SubType Duplex
Tax Year 2023
Current Use Apt<20
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Schofield Harrison
Status Pending
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 3.0
View Y/N N
High School District Indianapolis Public Schools
Total Units 2
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 5750
Waterfront Y/N N
Street Name Columbia
Property Attached Y/N Y
Current Financing Conventional
Additional Parcels Y/N N
Virtual Tour https://indy-realty-pics.aryeo.com/sites/dmorklo/unbranded https://indy-realty-pics.aryeo.com/sites/2502-columbia-ave-indianapolis-in-46205-8994720/branded
Days on Market 1
Structure Type Duplex
Standard Status Pending
Tax Lot 1
Buyer Agent Compensation Type %
Legal Description Schofield & Harrison & Cos Add L1 B8
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Exterior
Lot Features Sidewalks
Lot Size Acres 0.13
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Interior
Basement (Y/N) Y
Street Suffix Avenue
Laundry Features Connections All
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$1,288
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,083
Monthly Property Taxes
$206
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
4/23/2024 $155,000 Listed Price

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2502 Columbia Avenue, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $155,000 with a lot size of 0.13. 2502 Columbia Avenue is a studio with 0.0 baths and was built in 1921. The property's zip code is 46205 which is in Indianapolis, IN

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