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408 N Oakland Avenue Indianapolis, IN $ 165,000
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$ 165,000 Get more info
408 N Oakland Avenue
$ 165,000
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Share Save

408 N Oakland Avenue

Indianapolis, IN, 46201
$ 165,000
Baths0.0

Monthly Estimate*

$ 1,097

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $165,000. This home was built in 1918 on a lot size of 0.11.

Seize this exceptional investment opportunity with a property that's ready to generate income from day one. Freshly painted and fully occupied, it brings in a steady gross rent of $2,600 per month. With a roof that's just eight years old and a new HVAC system and water heater installed in 2022, you can count on long-term reliability and modern efficiency. One standout feature is the free-standing garage facing Parker Ave, offering potential for additional income. This property is a practical and profitable addition to any real estate portfolio, ensuring stability and immediate returns. Don't miss out on this solid investment opportunity that combines functionality and financial prudence.

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Multi-Family Pending

Price

$ 165,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,702

Style

Contemporary

Lot Size

0.11

Year Built

1918

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21981076
Features
General
Heating Forced Air
Cooling Central Electric
Possession Other
Roof Asphalt
Exterior Features Other
Garage Spaces 1
Architectural Style Contemporary
Security Features Smoke Alarm
Construction Materials Vinyl With Stone
Year Built 1918
Tenant Pays Insurance
Township Center
Levels One
Property SubType Duplex
Tax Year 2023
Current Use Residential
County Marion
Net Operating Income 2100
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Subdivision Name Wabnitz Resub
Facing Direction East
Possible Use Residential
Status Pending
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 3
View Y/N N
High School District Indianapolis Public Schools
NumberOfUnitsTotal 2
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 4704
Waterfront Y/N N
Elementary School IPS/Butler Lab at William Bell 60
Property Attached Y/N N
Current Financing Conventional FHA VA
Days on Market 2
Structure Type Duplex
Standard Status Pending
Tax Lot 8
Buyer Agent Compensation Type %
Legal Description Wabnitz Resub Flet Blake Grove L8 & 7' W & Adj
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Interior
Basement Daylight/Lookout Windows Unfinished
Basement (Y/N) Y
Laundry Features In Basement
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Exterior
Parking Features Detached
Foundation Details Block
Lot Size Acres 0.11
Road Surface Type NotApplic
Road Frontage Type NotApplic
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* Excluded Features
List By
Keller Williams Indy Metro S

Broker

denisobrien.kw@gmail.com

Email

Affordability Calculator

$1,405
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,097
Monthly Property Taxes
$309
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4361723 Elementary School
4044909 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/23/2024$165,000 Listed Price

Map

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408 N Oakland Avenue, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $165,000 with a lot size of 0.11. 408 N Oakland Avenue is a studio with 0.0 baths and was built in 1918. The property's zip code is 46201 which is in Indianapolis, IN

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