3408 Winthrop Avenue
Indianapolis, IN, 46205 $ 385,000
Baths0.0 Monthly Estimate*
$ 2,559
Studio
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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FeaturesGeneralHeating 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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ExteriorFoundation Details Block
Lot Size Acres 0.22
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* Excluded FeaturesAffordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Indianapolis, IN
Average List Price $316,474
Percent of Sale Price 18%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
6/17/2024 | $385,000 | | Listed Price |