2433 N Bolton Avenue, Indianapolis, IN 46218

Property Description

Brick two-unit duplex on Indianapolis' near east side, offered at $189,899 and producing $2,150 per month in gross rents, of matching construction to the neighboring Bolton Avenue buildings. Each unit offers two bedrooms and one bathroom. Rehabbed in 2019-2020 with new flooring, drywall, and water heaters, with the roof replaced within the last six to seven years, and sitting on a clean concrete crawl space with thermal seal installed. Both units are occupied in an established rental corridor with consistent tenant demand and quick access to downtown Indianapolis. Turnover has been minimal, the property averages one to two maintenance calls per year, and tenants pay their own utilities. Comparable units in the area support approximately $1,300 per month following light improvements. Two doors under one roof makes for efficient ownership and concentrated income. 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.