15
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Listed by Max Moore • @properties
$184,900
Est. payment /mo
3,920 Sqft Lot
Active
402 N Parker AVE Indianapolis, IN 46201
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Oxford Park
MLS Listing ID 22109652
Year Built 1930
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Duplex
Property Description
Two-story brick duplex producing $2,450 per month in gross rents, offered at $184,900, with both unit rents documented by executed leases. Each of the two units features two bedrooms and one bathroom with both bedrooms located on the second floor. Tenants have been in place several years and pay their own utilities. System ages include roof at approximately fourteen to fifteen years, furnace and air conditioning at six to seven years, and water heater at six to seven years. Light cosmetic updates support rents of approximately $1,300 to $1,400 per unit, offering near-term upside on already-strong in-place income. The building anchors the St. Clair Place and Windsor Park corridor, blocks from neighborhood restaurants and minutes from downtown Indianapolis, Mass Ave, and Bottleworks. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Executed leases available upon request. Property sold as-is.
Location
State IN
County Marion
Interior
Cooling Separate Meters
Fireplace N
Building
Story Two
Architectural Style Traditional
Structure Type Vinyl With Brick
New Construction false
Schools
School District Indianapolis Public Schools
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