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$625,000

6225 Washington Boulevard Indianapolis, IN  46220

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Property Description for 6225 Washington Boulevard Indianapolis, IN 46220

Great opportunity to acquire a duplex in Broad Ripple, a top desired location for young professionals moving to Indy. Both units have been completely renovated, with beautiful quarts counter tops, new shaker cabinets, new high end appliances and each their own gas FIREPLACE. Bathrooms are brand new, new electrical wiring, new plumbing, and new flooring. One unit has Closet Concepts done in both bedrooms. Each unit is 2 bdrm, 2 ba, with kitchen/family room and basement with their OWN w/washer & Dryer. There is a 2 car garage, that is rented to one of the tenants for $300 monthly. Current rental for the 2 units is $4350 mo (because it is rented to family friends), but easily verify market rent of $2500 or more per UNIT/mo. The units have a strong rental history and low vacancy rates. Both units are rented until April 30, 2025. Proximity to the IndyGo Red Line strengthens the desire for renters. Home was considered in a flood zone when seller bought, but now believe the flood zone has been lifted. The last two owners chose not to have flood insurance. It is up to buyer to confirm if insurance is needed. This home is being sold as one unit (although two separate units). Because units are rented, 48 hrs notice is required for showing. Don't miss this rare opportunity!
QuickBuy option for home selling

Address:6225 Washington Boulevard Indianapolis IN 46220
Status:Active
on site: 122 days
Price:$625,000
Bathrooms:0
Year Built:1939
Lot Size:0.28
County: Marion
Township: Washington
MLS #:21995989
Property Type:Duplex

Lot Dimensions:11979
Road Frontage:City Street
Road Access:Not Applic
Road Surface:Asphalt
Lot Features:Sidewalks, Mature Trees
Building Utilities:Separate Gas Meter
Directions:GPS Friendly
Basement:Yes

Loan Price
$5,090
Price And Interest $3,260/month
Property Tax $1,570/month
MTG INS $0/month
HOME INS $260/month
Price
$625,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$1,570/month
Home Owner Insurance
$3,120 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$9,420
Tax Year:2023
Mandatory HOA Fee:$

Area: 4903 - Marion - Washington
City:Indianapolis
Subdivision: Warfleigh
Zip Code:46220

Exterior Type:Aluminum Siding, Brick
Cool:Central Electric
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Cynthia Shepherd McCurdy with Keller Williams Indy Metro NE from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/12/2024 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

130
Avg. DOM
$187.92
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $1,436.60. 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 Down. The average house price is $265,000.00 and the average price per square feet is $153.99 per square feet. At the moment, the amount of homes listed is exactly 9886 houses, with 2272 with active status, 1101 with pending status and 6513 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 $3,058.56. 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 69 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 1350 minutes ago.

At the moment we have 90 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. 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 $38,900.00 . 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 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2103.24 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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