2429 N Bolton Avenue, Indianapolis, IN 46218

Property Description

Brick two-unit duplex on Indianapolis' near east side, offered at $189,999. Each unit features two bedrooms and one bathroom. The building was fully rehabbed in 2019-2020 with new flooring, drywall, and water heaters, and the roof was replaced within the last six to seven years. The structure sits on a clean concrete crawl space with thermal seal installed and relatively new crawl space plumbing that has performed without issue. Both units are occupied, turnover has historically been low, and the building averages one to two maintenance calls per year. Tenants pay their own utilities. In-place rents currently sit below market for this corridor, where comparable two-bedroom units support approximately $1,300 per month with light improvements, creating a clear path to increased income. Located in an established rental corridor minutes from downtown Indianapolis. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current rent roll and leases available upon request. Property sold as-is.