Available for $189,000

Beds: 3

Bath: 1.5 

​Sqft: 1,680 Including Basement

Net Annual Tax: $3,943.92

(Buyer Due Diligence to Confirm)

Built in 1928

0.13 Acre Lot​

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*** DO NOT DISTURB. NO TRESPASSING. BY APPT ONLY***​

 

This tenant-occupied property is bringing in $1,200/month on a flexible month-to-month lease, with a reliable tenant in place for the last 4 years. The home features central heating and air, wood flooring, public water and sewer, and sits in a rapidly developing area. Located just minutes from the Monon Trail, Fall Creek Parkway, and the restaurants and shops of Broad Ripple and Downtown Indy, this property offers both convenience and future growth potential. A strong buy-and-hold opportunity with immediate cash flow or fix and flip opportunity! 

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ARV: ​250k

Good Condition- Great Wholetail or Rent Right Away!

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Comp: Larger Size but Deducted for ARV

1. 2 Bed, 2 Bath 2,112 sqft - 4815 Winthrop Ave. Indianapolis, IN 46205

Sold for $305,000 on 06/20/25

2. 2 Bed, 1 Bath 1,929 sqft - 4711 Guilford Ave. Indianapolis, IN 46205

Sold for $260,000 on 04/04/24

3. 3 Bed, 3 Bath 1,930 sqft - 4343 Winthrop Ave. Indianapolis, IN 46205

Sold for $315,000 on 11/27/24

Property Highlights:

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• Tenant Occupied: Month to Month for the past 4 Years -  $1,200 Monthly 

• Long Term Tenant 6+ Years 

• Public Water & Sewer

• Central Heating & Air 

• Wood Flooring 

• Convenient Location​

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PID: 8021435

Legal Description: WOODCROFT L214