Great investment opportunity for people looking for cash flow at a bargain price. This home is rented for $775 per month with a one year lease and is being sold at a 15 cap rate! This completely renovated 1 ½ level property features a great living area, neutral color scheme, spacious kitchen with new appliances, formal dining area, and new bathrooms. Take advantage of this great cash flow opportunity!
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
2.5
Stories
0
Lot width
46 ft.
Lot depth
178 ft.
Lot size
8,189 Sq. Ft.
Year renovated
1940
Sq. Ft.
1,560
Year built
1940
Style
Single Family Residential
County
Marion County
APN
491107126104000900
Parking Spaces
—
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Feb 17, 2025.
D5
AIRSPACE SECONDARY ZONING DISTRICT
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Airspace Secondary Zoning District
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Dec 19, 2022 • Final
Right of way permit-use
Grading
Plumbing
Jul 8, 2016 • Final
Self certification tag
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Public facts
Beds: 4
Baths: 2.5
Sq. Ft.: 1,560
Stories: 1.5
Parking Spaces: —
Basement: No
Accessible: No
Lot Size: 8,189 square feet
Style: Single Family Residential
Year Built: 1940
Year Renovated: 1940
County: Marion County
APN: 491107126104000900
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Feb 17, 2025
Around this home
Schools
K - 12
Preschool & daycare
Garden City Elementary School
Public PreK-6 • Assigned • 0.4mi
3/10
Lynhurst 7th & 8th Grade Center
Public 7-8 • Assigned • 2.7mi
3/10
Ben Davis Ninth Grade Center
Public 9 • Assigned • 3.3mi
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46222
Average low and high temperatures (°F)
32
17
42
26
60
40
68
48
71
54
83
65
87
70
83
65
82
58
69
49
54
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$137,000 – $166,000
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