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(SOLD) $180,000

1657 S Delaware Street Indianapolis, IN  46225

Property Description for 1657 S Delaware Street Indianapolis, IN 46225

*Update* - one side is leased for $1,100. Vacant side is now being marketed for $1,100. Welcome to this fantastic investment opportunity! This duplex, located just 8 minutes from downtown Indianapolis, is perfectly situated close to the popular Bates-Hendricks area and the historic Old Southside, both of which are experiencing a surge in new development and growth. With two 2-bedroom, 1-bathroom units, this property offers tremendous potential for investors and owner-occupants alike. *Highlights* - Only 10 minutes away from downtown Indianapolis. - Currently vacant and ready for your next tenants or live in one unit and rent out the other to significantly reduce your mortgage expenses. - Immense rent potential with the higher HUD rates for 2023. - Professional property management services available for smooth and hassle-free operations. - Perfect for Airbnb with good nightly rates or travel professional rentals with close proximity to IU Health, Eskenazi Health, and Riley Children's Hospital. *Recent Updates* - Kitchen Upgrades: Enjoy updated countertops, cabinets, and fixtures. - Brand new flooring has been installed and new paint throughout. - Foundation Work:Important foundation work has been completed, ensuring the long-term stability and structural integrity of the property. *Utilities* - Electric and gas are separately metered for each unit, allowing tenants to have control over their usage and payments. - Water is shared between both units, simplifying billing and management. *Schedule your showing today!*
QuickBuy option for home selling

Address:1657 S Delaware Street Indianapolis IN 46225
Status:Sold
Sold On: 1/12/2024
Price:$190,000
Bathrooms:0
Year Built:1900
Lot Size:0.07
County: Marion
Township: Center SE
MLS #:21951798
Property Type:Duplex

Lot Dimensions:2831
Road Access:See Remarks
Lot Features:Access
Zoning:residential
Directions:Use GPS

Loan Price
$1,134
Price And Interest $939/month
Property Tax $120/month
MTG INS $0/month
HOME INS $75/month
Price
$180,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$120/month
Home Owner Insurance
$900 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$720
Tax Year:2021
Other Disclosures:Broker Owned
Mandatory HOA Fee:$

Area: 4913 - Marion - Center Se
City:Indianapolis
Subdivision: Fennemans
Zip Code:46225

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

Schools in 1657 S Delaware Street Indianapolis, IN  46225


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Listing provided courtesy of Mihir Bhimaraju with Real Broker, LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/02/2023 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

79
Avg. DOM
$164.52
Avg. $ / Sq.Ft.
$ 294,450
Med. List Price

The house prices in Indianapolis are not dropping at the moment. There has been a increase in price of $7,124.21. 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 $295,000.00 and the average price per square feet is $164.83 per square feet. At the moment, the amount of homes listed is exactly 12086 houses, with 1692 with active status, 1456 with pending status and 8938 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 $3,235.10. 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 659 minutes ago.

At the moment we have 166 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 $44,500.00 . 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 2247.86 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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