3937 North Grand Avenue

Indianapolis, IN 46226

$140,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

All-brick Duplex in great rental location! Market rent is $800 per month per unit. Easy to rent and manage has a lot to offer a new or experienced investor. Both units are well maintained and rented till 9/30/2024. Updated Flooring, trim, paint, new furnace on 3937 side done recently. Full rehab including mechanicals, roof, windows all done 7 years ago. Includes all appliances. Both units are metered separately, and tenant pays all utilities. People love the area for being near bus line, close to...All-brick Duplex in great rental location! Market rent is $800 per month per unit. Easy to rent and manage has a lot to offer a new or experienced investor. Both units are well maintained and rented till 9/30/2024. Updated Flooring, trim, paint, new furnace on 3937 side done recently. Full rehab including mechanicals, roof, windows all done 7 years ago. Includes all appliances. Both units are metered separately, and tenant pays all utilities. People love the area for being near bus line, close to town. Both units currently rented. Please do not disturb occupants. Tenants' rights apply. Seller must be present for showings Monday through Friday 8am to 5pm. Need 48-hour notice to schedule showings with tenants.
  1. Listed by Vern Carter • Flat Fee Realty, LLC • flatfeeindy@att.net

Property Details for 3937 North Grand Avenue

Architectural Style
Bungalow
Subdivision Name
Maple Hill
Township
Lawrence
Waterfront
No

Location

Listing Courtesy of Flat Fee Realty, LLC
Add your commute
LISTING UPDATED: 04/27/2024 08:33 PM

Property Details for 3937 North Grand Avenue

StatusPending
MLS #21975773
Days on Market4
Taxes$1,533 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1955
Lot Size0.22 AC / 9,583 SF
CountyMarion County

Location

Listing Courtesy of Flat Fee Realty, LLC
Add your commute

Building Information for 3937 North Grand Avenue

Stories-Residences2Year Built1955Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$1,020 per month

30 year fixed, 7.25% Interest

Principal and Interest

$764

Property Taxes

$256

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3937 North Grand Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46226
  • Postal Code Plus4: 4605
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 490715102113000401
  • Semi Annual Property Tax Amt: 1533
  • Tax Year: 2023
  • TaxLot: 168
  • Tax Block: 2
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Insurance
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: City Lot, Trees-Small (Under 20 Ft)
  • Lot Size Square Feet: 9583.0
  • Lot Size Acres: 0.22
  • New Construction: False
  • Possible Use: Residential
  • Structure Type: Duplex
  • Year Built Numeric: 1955
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Inspection Warranties: General,Lead Base Paint
  • Legal Subdivision: Maple Hill 2nd Sec L168
  • Photos Count: 10
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
  • Operating Expense: 0.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Wood
  • Foundation Details: Block
  • Roof: Asphalt
Interior Features
  • Basement YN: No
  • Cooling: Window Unit(s)
  • Levels: One
Multi Family
Multi-Family Information
  • Total Units: 2
Income & Expenses
  • Expenses: 0
  • Gross Income: $17,400.00
Unit 1
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities, Insurance, Lawncare

Property History for 3937 North Grand 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 3937 North Grand Avenue

Taxable ValueLand$8,600Additions$156,200Total$164,800
Tax Record2022$3,067 ($256 / month)
Home Facts
Beds0Total Finished SqFt786 SqFtAbove Grade Finished SqFt786 SqFtStories1Lot Size9,583 SqFtStyleCondominiumYear Built1955CountyMARIONAPN49-07-15-102-113.000-401

Schools near 3937 North Grand Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 8
Public - 7 to 8
Rating
School
Distance
Charles Warren Fairbanks School 105
PublicPK to 6

Robert Lee Frost School 106
PublicPK to 6

James Whitcomb Riley School 43
PublicPK to 8

Arlington Community Middle School
Public7 to 8

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 Flat Fee 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.