403 East Morris Street

Indianapolis, IN 46225

$420,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Explore an outstanding investment in Bates Hendricks! This fully updated duplex, just south of Lilly Campus, is an ideal opportunity for homeowners and investors. Live in one unit and rent out the other or maximize returns by leasing both. Each of the two units boasts three bedrooms, two baths, and contemporary amenities such as new flooring, fresh paint, upgraded fixtures, and modern appliances. New HVAC, in-unit laundry, spacious rooms, and updated windows enhance the property's value. Recent upgrades...Explore an outstanding investment in Bates Hendricks! This fully updated duplex, just south of Lilly Campus, is an ideal opportunity for homeowners and investors. Live in one unit and rent out the other or maximize returns by leasing both. Each of the two units boasts three bedrooms, two baths, and contemporary amenities such as new flooring, fresh paint, upgraded fixtures, and modern appliances. New HVAC, in-unit laundry, spacious rooms, and updated windows enhance the property's value. Recent upgrades include a 2020 roof replacement for added durability. Outside enjoy a fenced yard, garage, storage, ample parking, and stunning downtown Indy views. Unit 1 is leased through July 2024, ensuring a steady income. Unit 2 is vacant and offers potential for extra living space. Don't miss this unique investment with a perfect blend of modern living and financial opportunity.
  1. Listed by Christopher Porter • CENTURY 21 Scheetz • cporter@c21scheetz.com

Property Details for 403 East Morris Street

Subdivision Name
Vajens Subdivision
Township
Center SE
Waterfront
No
Zoning
0

Location

Listing Courtesy of CENTURY 21 Scheetz

Sold By eXp Realty, LLC

Add your commute
LISTING UPDATED: 04/13/2024 07:36 AM

Property Details for 403 East Morris Street

StatusClosed
MLS #21935059
Days on Market180
Taxes$5,340 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1920
Lot Size0.14 AC / 6,098 SF
CountyMarion County

Location

Listing Courtesy of CENTURY 21 Scheetz

Sold By eXp Realty, LLC

Add your commute

Building Information for 403 East Morris Street

Stories-Residences2Year Built1920Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$3,182 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,292

Property Taxes

$890

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 403 East Morris Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: From W Morris St & S Meridian St, go east on E Morris St for 0.5 mi. Right on S East St, then quickly right onto Sanders St. Turn right at 2nd cross street onto S New Jersey St, then right onto E Morris St.
  • Postal Code: 46225
  • Postal Code Plus4: 2507
  • Road Access: Frontage Road
  • State Or Province: IN
  • View: Downtown
  • View: Yes
Taxes and HOA Information
  • Parcel Number: 491113200001000101
  • Semi Annual Property Tax Amt: 5340
  • Tax Exemption: None
  • Tax Year: 2022
  • TaxLot: 54
  • Tax Block: 0
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: Access
  • Lot Size Square Feet: 5924.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1920
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: Vajens Sub L54 & 21.36Ft W Side L53 Ol108
  • Photos Count: 39
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: FHA
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl With Brick
Interior Features
  • Basement YN: Yes
  • Cooling: Central Electric
  • Levels: Two and a Half
  • Laundry Features: Connections All
  • Multi Baths: 4
  • Multi Beds: 6
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street, 1 Car Space
Income & Expenses
  • Expenses: 0
  • Net Operating Income: $.00
  • Gross Income: $3,000.00
Unit 1
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Miscellaneous: Dishwasher,Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 10x10
  • Unit Levels: 2
  • Unit Miscellaneous: Dishwasher,Dryer,Lndry Conn,No Equip,Range/Oven,Refrigrater,Washer,Other
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 3 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 403 East Morris 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 403 East Morris Street

Taxable ValueLand$36,700Additions$423,700Total$460,400
Tax Record2023$10,921 ($910 / month)
Home Facts
Beds5Total Finished SqFt4,240 SqFtAbove Grade Finished SqFt4,240 SqFtStories3Lot Size5,924 SqFtStyleSingle Family ResidenceYear Built1920Year Renovated2018ZoningZO01CountyMARIONAPN49-11-13-200-001.000-101

Schools near 403 East Morris Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 7 to 8
Rating
School
Distance
James A. Garfield School 31
PublicPK to 8

Arsenal Technical High School
Public9 to 12

HW Longfellow Med/STEM Magnet Midl
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.

Similar Homes

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Similar Sold Homes

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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 CENTURY 21 Scheetz

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.