3408 Winthrop Avenue Indianapolis, IN $ 385,000
3408 Winthrop Avenue
$ 385,000
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3408 Winthrop Avenue

Indianapolis, IN, 46205
$ 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 1955 on a lot size of 0.22.

This is the inventory you've been looking for! Discover this fully renovated multi-unit opportunity for both investors and house hackers alike. Nestled in the desirable Mapleton-Fall Creek neighborhood, this property features upgrades, including a new roof, new windows, and new LVP flooring throughout. Modernized appliances, HVAC systems, plumbing, and electrical work as well. The property features 3 kitchens, 4 total bathrooms, and 5 "bedrooms" catering to the needs of multiple uses. There is ample parking space for a large number of occupants as well. The main unit offers a spacious layout with three bedrooms, two bathrooms, abundant closet and pantry space, and an in-unit washer and dryer. Additionally, a versatile studio or guest/office space is located at the back of the property, complete with a private entrance, in-suite kitchen, and full bathroom, perfect for visitors, tenants, or a small business. The expansive upstairs area includes one bedroom, one bathroom, and a dedicated office/flex space. This property is not only a fantastic investment, but also a perfect solution for those looking to offset their mortgage with rental income. The property is on 3 separate electric meters and 1 water meter. The anticipated target rent is approx $1,800, $1,100, & $800 = $3,700. The property is fully vacant and being sold in AS IS condition.

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Multi-Family Active

Price

$ 385,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,660

Style

Lot Size

0.22

Year Built

1955

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21985563

Features
General
Heating Forced Air
Cooling Central Electric
Possession Closing
Roof Shingle
Construction Materials Stucco
Year Built 1955
Township Center
Levels Two
Property SubType Triplex
Tax Year 2023
Current Use Vacant
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Mapleton-Fall Creek
Status Active
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 2.25
High School District Indianapolis Public Schools
NumberOfUnitsTotal 3
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 9583
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Days on Market 9
Standard Status Active
Tax Lot 1041347
Buyer Agent Compensation Type %
Legal Description Hasselman Place Add 1st Sec L97
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Exterior
Foundation Details Block
Lot Size Acres 0.22
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Interior
Basement (Y/N) Y
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* Excluded Features
List By
Just Liv, Llc

Broker

morgan@livindy.co

Email

Affordability Calculator

$2,780
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,559
Monthly Property Taxes
$222
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
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2024$385,000 Listed Price

Map


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3408 Winthrop Avenue, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $385,000 with a lot size of 0.22. 3408 Winthrop Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 46205 which is in Indianapolis, IN