3041 S Kercheval Drive, Indianapolis, IN 46239

Property Description

Income-producing opportunity with newer built units (NEW in 2023-2024) and separation ideal for house hacking or multiple-occupancy living. This expanded property offers multiple independent living areas across approx. 3,325 sqft, creating a flexible setup for owner-occupants or small-scale investors seeking to offset housing costs or generate rental income. The main residence (approx. 1,624 sqft) includes 4 bedrooms and 2 full bathrooms, featuring an updated kitchen with granite countertops, stainless steel appliances, and refreshed cabinetry. A private primary suite with en-suite bath and walk-in closet adds to its rental or owner-occupant appeal. Major components including roof, flooring, windows, and mechanicals have been updated, reducing near-term capital expenditure risk. A separately accessible secondary living space (Built 2023-2024 - approx. 1,701 sqft) is configured for independent use, complete with a full kitchen, dedicated laundry, loft, and private entrance. This layout supports strong rental potential for long-term tenants, extended-stay occupants, or multi-tenant configurations. Comparable updated units in the area have achieved rents of approximately $1,300+/month (buyer to verify), with additional upside supported by the size, condition, and dual-living configuration of the property. The property sits on three parcels totaling nearly half an acre, offering additional flexibility for future use, expansion, or resale (buyer to verify). A detached flex/studio structure with electric and climate control provides added utility for workspace, storage, or supplemental income strategies. Additional features include ample parking, fenced yard, durable HardiePlank siding, well water with reverse osmosis systems, and multiple HVAC setups including newer units. Zoned D-5, allowing for a range of residential use scenarios. A strong fit for buyers seeking house hacking, multi-unit functionality, or a live-in investment with income potential and long-term upside