2502 Columbia Avenue
2502 Columbia Avenue
$155,000
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Pending
Description
Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail...Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail and the adjacent Monon 30 development adds a unique charm, promising an active and dynamic lifestyle for tenants. Each unit mirrors the other, boasting 2 bedrooms and 1 bathroom each, spanning a cozy 574 square feet, these units are designed for optimal functionality and comfort. One unit stands vacant, recently turned over and prepped for immediate occupancy, while the other is currently leased at $1000 per month under Section 8, on a month-to-month basis. Utilities are separately metered. Professionally managed by PMI Midwest, peace of mind comes standard with this investment. With a potential gross income of $2000, this property significantly surpasses the coveted 1% rule, ensuring robust returns on your investment. For the astute house hacker, the vacant unit presents an enticing opportunity to offset a substantial portion of the mortgage with rental income from the occupied side, maximizing your investment potential. Seize this opportunity to capitalize on the thriving Indianapolis real estate market and schedule your viewing today!
- Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com
Property Details for 2502 Columbia Avenue
Architectural Style
Bungalow
Subdivision NameSchofield Harrison
TownshipCenter
WaterfrontNo
Location
LISTING UPDATED: 04/24/2024 09:13 AM
Property Details for 2502 Columbia Avenue
Status | Pending |
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MLS # | 21972109 |
Days on Market | 1 |
Taxes | $1,234 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1921 |
Lot Size | 0.13 AC / 5,662 SF |
County | Marion County |
Location
Building Information for 2502 Columbia Avenue
Stories-Residences2Year Built1921Building Size-Lot Size0.13 AC / 5,662 SF
Payment Calculator
$1,052 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2502 Columbia Avenue
Property History for 2502 Columbia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2502 Columbia Avenue
Taxable ValueLand$6,600Additions$88,900Total$95,500
Tax Record2022$2,467 ($206 / month)
Home Facts
Beds2Total Finished SqFt574 SqFtAbove Grade Finished SqFt574 SqFtStories1Lot Size5,750 SqFtStyleCondominiumYear Built1921ZoningZO01CountyMARIONAPN49-07-30-123-011.000-101
Schools near 2502 Columbia Avenue
This home is within Indianapolis Public Schools.
Rating | School | Type | Grades | Distance |
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Public - | PK to 6 | |||
Public - | PK to 6 | |||
Public - | PK to 6 | |||
Public - | PK to 6 |
Rating | School | Distance |
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Thomas D. Gregg School 15 PublicPK to 6 | ||
Washington Irving School 14 PublicPK to 6 | ||
Arlington Woods School 99 PublicPK to 6 | ||
Brookside School 54 PublicPK to 6 |
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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