2502 Columbia Avenue

Indianapolis, IN 46205

$155,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com

Property Details for 2502 Columbia Avenue

Architectural Style
Bungalow
Subdivision Name
Schofield Harrison
Township
Center
Waterfront
No

Location

Listing Courtesy of Keller Williams Indpls Metro N
Add your commute
LISTING UPDATED: 04/24/2024 09:13 AM

Property Details for 2502 Columbia Avenue

StatusPending
MLS #21972109
Days on Market1
Taxes$1,234 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1921
Lot Size0.13 AC / 5,662 SF
CountyMarion County

Location

Listing Courtesy of Keller Williams Indpls Metro N
Add your commute

Building Information for 2502 Columbia Avenue

Stories-Residences2Year Built1921Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$1,052 per month

30 year fixed, 7.25% Interest

Principal and Interest

$846

Property Taxes

$206

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2502 Columbia Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46205
  • Postal Code Plus4: 4451
  • Road Access: Frontage Road
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 490730123011000101
  • Semi Annual Property Tax Amt: 1234
  • Tax Year: 2023
  • TaxLot: 1
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: No Utilities
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Description: Sidewalks
  • Lot Size Square Feet: 5750.0
  • Lot Size Acres: 0.13
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1921
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Schofield & Harrison & Cos Add L1 B8
  • Photos Count: 23
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Web Link: www.2502Columbia.com
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt
Interior Features
  • Basement YN: Yes
  • Cooling: None
  • Heating: Forced Air
  • Levels: One
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 14x12
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 14x12
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 2502 Columbia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 6
Rating
School
Distance
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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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 Keller Williams Indpls Metro N

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.