6721 Riverfront Avenue Indianapolis, IN $ 385,000
6721 Riverfront Avenue
$ 385,000
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6721 Riverfront Avenue

Indianapolis, IN, 46220
$ 385,000
Baths0.0

Monthly Estimate*

$ 2,559

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $385,000. This home was built in 1920 on a lot size of 0.23.

Welcome to WATERFRONT living. Start your day with picturesque views of the White River from your private boat dock! This is a unique opportunity for investors and homeowners alike featuring two fully furnished, cash flowing homes that are separately metered and currently housing Airbnb guests. Adjacent vacant lot presents exciting opportunities to expand - Whether you envision constructing a new build, adding tiny homes, camping under mature trees, or creating a recreational space like a pickleball court, this lot offers the flexibility to enhance the property's value and appeal. Located close to major shopping amenities and Broadripple, the homes feature 2 bedrooms in one unit, studio in the other, with updated LVP flooring, bathroom remodel, deck with a serene view of the river and new plumbing to the septic system. Take advantage of cashflow from day 1 or live in one unit and rent out the other to reduce mortgage payments. This turnkey opportunity includes all furniture, decor, and Airbnb inventory, with future bookings for the studio through October. Schedule your showing today and explore the endless possibilities this waterfront gem has to offer!

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Multi-Family Pending

Price

$ 385,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,124

Style

TraditonalAmerican

Lot Size

0.23

Year Built

1920

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21985142

Features
General
Cooling Central Electric
Possession Closing Negotiable Other
Exterior Features Outdoor Fire Pit Storage Shed
Architectural Style TraditonalAmerican
Construction Materials Wood
Year Built 1920
View River
Township Washington
Levels One
Property SubType Duplex
Tax Year 2023
Current Use Residential
Waterfront Features Dock River Front
County Marion
Insurance Expense 894
New Construction N
Property Type Residential Income
Subdivision Name Island Park
Status Pending
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 2.5
View Y/N Y
High School District MSD Washington Township
NumberOfUnitsTotal 2
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 10019
Waterfront Y/N Y
Days on Market 8
Structure Type FreeStand
Standard Status Pending
Tax Lot 11
Buyer Agent Compensation Type %
Legal Description Pt Ne1/4 S36t17r3 Beg 1534'S Of Nl & 1567.17'Wof El; 200' X 50' (H B Fatout Co River Tractssurvey Tr 11) 0.23Ac
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Exterior
Parking Features Common
Lot Features Mature Trees
Lot Size Acres 0.23
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Interior
Basement (Y/N) N
Laundry Features Main Level
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* Excluded Features
List By
Real Broker, Llc

Broker

mihirbhimaraju@welcomehomeindie.com

Email

Affordability Calculator

$2,902
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,559
Monthly Property Taxes
$344
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
4045179 Elementary School
4045182 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2024$385,000 Listed Price

Map


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6721 Riverfront Avenue, Indianapolis, IN, 46220 is a Multi-Family Home for sale at $385,000 with a lot size of 0.23. 6721 Riverfront Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 46220 which is in Indianapolis, IN