2531 East 10th Street

Indianapolis, IN 46201

$499,999
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Unlock the ultimate investment opportunity with this updated 4-unit property, strategically located just minutes away from downtown Indy. Offering the perfect scenario for savvy buyers interested in house hacking or exploring Airbnb hosting, this property combines prime location with income-generating potential. Live comfortably in one unit while virtually eliminating your housing expenses by renting out the remaining three units. Unit A is currently occupied at $1,200 per month, Unit B commands...Unlock the ultimate investment opportunity with this updated 4-unit property, strategically located just minutes away from downtown Indy. Offering the perfect scenario for savvy buyers interested in house hacking or exploring Airbnb hosting, this property combines prime location with income-generating potential. Live comfortably in one unit while virtually eliminating your housing expenses by renting out the remaining three units. Unit A is currently occupied at $1,200 per month, Unit B commands $1,100 per month in rent, while Unit C, currently vacant, is being marketed at $1,200 per month, with multiple applicants eagerly awaiting approval. Similarly, Unit D, also vacant, is being marketed at $800 per month, with several prospective tenants vying for occupancy. With current market rents on the rise, seize the opportunity to generate substantial monthly income while simultaneously building equity in a sought-after neighborhood. Each unit has been meticulously updated, ensuring hassle-free living for tenants and effortless management for landlords. Delve into the attached list outlining the recent enhancements and comprehensive details on each unit, showcasing the value and investment potential this property holds. With a proven track record as a solid rental property, this is a rare opportunity to embrace the concept of house hacking or capitalize on the lucrative Airbnb market. Don't miss out on this chance to turn your homeownership dreams into reality while paving the way to financial independence.

Property Details for 2531 East 10th Street

Subdivision Name
S M Houstons Sub May Wasson & Cos Highland Park
Township
Center

Location

Listing Courtesy of eXp Realty, LLC
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LISTING UPDATED: 05/12/2024 10:18 AM

Property Details for 2531 East 10th Street

StatusPending
MLS #21978541
Days on Market3
Taxes$1,506 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1910
Lot Size0.14 AC / 6,098 SF
CountyMarion County

Location

Listing Courtesy of eXp Realty, LLC
Add your commute

Building Information for 2531 East 10th Street

Stories-Residences4Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$2,980 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,729

Property Taxes

$251

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2531 East 10th Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 2136
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491005109012000101
  • Semi Annual Property Tax Amt: 1506
  • Tax Year: 2023
  • TaxLot: 5
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage Spaces: 4.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 5945.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Structure Type: Quadruplex
  • Year Built Numeric: 1910
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Houston Sub May Wasson & Co Highland Pk L5
  • Photos Count: 21
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement Description: Cellar
  • Basement YN: Yes
  • Cooling: Central Electric
  • Heating: Forced Air
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: Parking Lot
Income & Expenses
  • Expenses: 0
  • Gross Income: $5,372.00
Unit 1
  • Unit Kitchen: 1
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 1
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Kitchen: 1
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom
Unit 4
  • Unit Kitchen: 1
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 4 Bedroom Or More

Property History for 2531 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 2531 East 10th Street

Taxable ValueLand$4,100Additions$158,300Total$162,400
Tax Record2023$3,852 ($321 / month)
Home Facts
Total Finished SqFt3,992 SqFtAbove Grade Finished SqFt3,992 SqFtStories2Lot Size5,945 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910Year Renovated1960CountyMARIONAPN49-10-05-109-012.000-101

Schools near 2531 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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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.