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Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 139,950
Est. payment /mo
Active
733 W 25th ST Indianapolis, IN 46208
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Allens 2Nd North Add
MLS Listing ID 22035182
Year Built 1920
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Duplex
Property Description
Don't miss this exciting investment opportunity to own a vacant duplex at 733 W 25th St in the heart of Indianapolis! This upstairs/downstairs duplex offers endless flexibility for a savvy investor or owner-occupant. The main level features 2 spacious bedrooms, 1 full bath, and a functional layout, while the upstairs unit includes 1 bedroom plus a bonus room-perfect for a home office, second bedroom, or creative space. Both units are completely vacant and ready for immediate updates, offering a blank canvas to maximize rental potential. Market rent projections are approximately $1,100/month for the lower unit and $850/month for the upper unit, generating an estimated $1,950/month or $23,400/year in gross rental income. All utilities are separately metered, allowing tenants to cover their own electric and gas bills-owner currently pays for water and sewer, which runs approximately $120 per month. This setup helps minimize owner overhead-a major plus for investors! Annual property taxes are only $1,498, with estimated insurance costs of $600/year, and professional property management is projected at 10% of collected rents. Based on current projections, this duplex could deliver a strong 13.1% proforma cap rate, offering excellent cash flow potential. Located near downtown Indianapolis, Riverside Park, I-65, and other major conveniences, this property is ideally positioned for tenant demand and future growth. Live in one unit and rent the other, or lease both units for maximum returns. Bring your vision and turn this versatile property into a high-performing asset today!
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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