2419 East 10th Street

Indianapolis, IN 46201

$500,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this incredible investment opportunity! Situated in a prime location, this fully renovated duplex could be a money maker for savvy investors looking to maximize their returns. Just minutes from downtown restaurants and entertainment. This duplex is offering convenience and accessibility to amenities, schools, and transportation options, enhancing its attractiveness to potential tenants. This three-story duplex has modern amenities and spacious layouts, with each side featuring 3 bedrooms...Welcome to this incredible investment opportunity! Situated in a prime location, this fully renovated duplex could be a money maker for savvy investors looking to maximize their returns. Just minutes from downtown restaurants and entertainment. This duplex is offering convenience and accessibility to amenities, schools, and transportation options, enhancing its attractiveness to potential tenants. This three-story duplex has modern amenities and spacious layouts, with each side featuring 3 bedrooms and 2.5 bathrooms. Both sides of the duplex come with signed leases, providing stability and consistent cash flow for the investor. The 2417 side is leased until March 2025, while the 2419 side is leased until February 2026, ensuring immediate returns on investment. Owner Occupied Buyers will need to negotiate the release of Tenant Leases. With a total monthly rent income of $3,350, this property offers a substantial revenue stream. Tenants are responsible for all utilities and trash pick-up expenses further maximizing the potential ROI. Recently renovated from the basement up, this duplex exudes modern charm and functionality. With new finishes and new systems throughout. Costly repairs shouldn't be needed if well maintained. This is welcomed by the investor and the Tenant The property comes fully equipped with all new appliances, including two oven/range units, two dishwashers, and two refrigerators. Additionally, each unit features its own washer/dryer, conveniently located in the primary suite on the third floor. In summary, this cash-flowing duplex presents a compelling investment opportunity with its prime location, stable rental income, and renovations. Don't miss out on the chance. Owner Occupied Buyers are welcome. Tenant would need to be vacated per negotiated terms.
  1. Listed by Rodney Forrest • eXp Realty, LLC • rod.r.forrest@gmail.com

Property Details for 2419 East 10th Street

Architectural Style
TraditonalAmerican
Subdivision Name
No Subdivision
Township
Center
Waterfront
No

Location

Listing Courtesy of eXp Realty, LLC
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LISTING UPDATED: 03/13/2024 06:31 PM

Property Details for 2419 East 10th Street

StatusActive
MLS #21967799
Days on Market53
Taxes$1,604 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1965
Lot Size0.12 AC / 5,227 SF
CountyMarion County

Location

Listing Courtesy of eXp Realty, LLC
Add your commute

Building Information for 2419 East 10th Street

Stories-Residences2Year Built1965Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$2,996 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,729

Property Taxes

$267

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2419 East 10th Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 2109
  • Road Access: Not Applic
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491005228004000101
  • Semi Annual Property Tax Amt: 1604
  • Tax Exemption: None
  • Tax Year: 2022
  • TaxLot: 49-10-05-228-004.000-101
  • Tax Block: Section 2
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Insurance, Lawncare, Taxes
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 5053.0
  • Lot Size Acres: 0.12
  • New Construction: False
  • Structure Type: Duplex,Townhouse
  • Year Built Numeric: 1965
  • Living Area Source: Plans
Property and Assessments
  • Affected by Disclosures: Yes
  • Conversion: Yes
  • Legal Subdivision: J D Hutchings Sub May Wasson Highland Pk Pt L10 L11 & L12 Nw Cor P.O.B. E41.5' S120' W41.5' N120' To Beg
  • Photos Count: 69
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Cement Siding
  • Exterior Features: Not Applicable
  • Roof: Asphalt
Interior Features
  • Basement Description: Daylight/Lookout Windows, Unfinished
  • Basement YN: Yes
  • Levels: Three Or More
  • Multi Baths: 5
  • Multi Beds: 6
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street, Parking Lot, Unpaved
Income & Expenses
  • Expenses: 4020
  • Net Operating Income: $31,108.00
  • Gross Income: $40,200.00
Unit 1
  • Unit Kitchen: 150
  • Unit Levels: 3
  • Unit Miscellaneous: Dishwasher,Disposal,Dryer,Eat In Kitchen,Range/Oven,Refrigrater,Washer
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Heat Pump,Fuel Elec,Fuel Gas,Heat Forced,Hot Wtr Elec
  • Unit Type Type: Apartments
Rental
Rental Information
  • Tenant Pays: Security, All Utilities, Insurance, Trash Collection

Property History for 2419 East 10th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2419 East 10th Street

Taxable ValueLand$22,700Additions$226,200Total$248,900
Tax Record2022$3,761 ($313 / month)
Home Facts
Beds3Total Finished SqFt1,998 SqFtAbove Grade Finished SqFt1,998 SqFtStories2Lot Size5,053 SqFtStyleCondominiumYear Built1990ZoningZO01CountyMARIONAPN49-10-05-228-004.000-101

Schools near 2419 East 10th Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Thomas D. Gregg School 15
PublicPK to 6

Arlington Community Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2419 East 10th Street is a multi-family home for sale in Indianapolis, IN 46201. This property was listed for sale on March 11, 2024 by eXp Realty, LLC, it's currently listed at $500,000. It has been on the market for a total of 53 days and was last sold on April 1, 2022. This listing's school district is Indianapolis Public Schools. Nearby schools include Thomas D. Gregg School 15, Arlington Community Middle School and George Washington Community High School (9-12). 2419 East 10th Street is a 0-bed, 0-bath, multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.