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(SOLD) $147,000

2502 Columbia Avenue Indianapolis, IN  46205

Property Description for 2502 Columbia Avenue Indianapolis, IN 46205

Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail and the adjacent Monon 30 development adds a unique charm, promising an active and dynamic lifestyle for tenants. Each unit mirrors the other, boasting 2 bedrooms and 1 bathroom each, spanning a cozy 574 square feet, these units are designed for optimal functionality and comfort. One unit stands vacant, recently turned over and prepped for immediate occupancy, while the other is currently leased at $1000 per month under Section 8, on a month-to-month basis. Utilities are separately metered. Professionally managed by PMI Midwest, peace of mind comes standard with this investment. With a potential gross income of $2000, this property significantly surpasses the coveted 1% rule, ensuring robust returns on your investment. For the astute house hacker, the vacant unit presents an enticing opportunity to offset a substantial portion of the mortgage with rental income from the occupied side, maximizing your investment potential. Seize this opportunity to capitalize on the thriving Indianapolis real estate market and schedule your viewing today!
QuickBuy option for home selling

Address:2502 Columbia Avenue Indianapolis IN 46205
Status:Sold
Sold On: 5/3/2024
Price:$155,000
Bathrooms:0
Year Built:1921
Lot Size:0.13
County: Marion
Township: Center
MLS #:21972109
Property Type:Duplex

Lot Dimensions:5750
Road Access:Frontage Road
Lot Features:Sidewalks
Directions:GPS Friendly
Basement:Yes

Loan Price
$1,034
Price And Interest $767/month
Property Tax $206/month
MTG INS $0/month
HOME INS $61/month
Price
$147,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$206/month
Home Owner Insurance
$732 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,234
Tax Year:2023
Mandatory HOA Fee:$

Area: 4912 - Marion - Center Ne
City:Indianapolis
Subdivision: Schofield Harrison
Zip Code:46205

Exterior Type:Vinyl Siding
Cool:None
Heat:Forced Air
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schools in 2502 Columbia Avenue Indianapolis, IN  46205


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Listing provided courtesy of Peter Stewart with Keller Williams Indpls Metro N from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 04/22/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Indianapolis Market Report

78
Avg. DOM
$165.44
Avg. $ / Sq.Ft.
$ 289,000
Med. List Price

The house prices in Indianapolis are not dropping at the moment. There has been a increase in price of $558.50. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Up. The average house price is $290,000.00 and the average price per square feet is $165.93 per square feet. At the moment, the amount of homes listed is exactly 11610 houses, with 1489 with active status, 1503 with pending status and 8618 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,048.12. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 78 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 1452 minutes ago.

At the moment we have 30 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $5,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $35,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1850 and the newest built house is in year 2024.

The average size of properties in Indianapolis is 2194.9 sq.ft. , the biggest one being 11598 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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