507 North Gladstone Avenue
507 North Gladstone Avenue
$159,000
—
—
—
—
Description
Investor alert! Welcome to your next turnkey investment opportunity in Indianapolis - a lovely remodeled ranch duplex in the popular Tuxedo Park neighborhood! Located in the heart of Indy's near Eastside, this duplex is strategically situated for convenience and growth. It's an excellent location with tons of development happening in the area and less than a 10-minute drive into downtown. Completely renovated in the last ~4 years, this property boasts a newer roof, siding, windows, furnace, water...Investor alert! Welcome to your next turnkey investment opportunity in Indianapolis - a lovely remodeled ranch duplex in the popular Tuxedo Park neighborhood! Located in the heart of Indy's near Eastside, this duplex is strategically situated for convenience and growth. It's an excellent location with tons of development happening in the area and less than a 10-minute drive into downtown. Completely renovated in the last ~4 years, this property boasts a newer roof, siding, windows, furnace, water heater, electrical, plumbing, carpet, paint, and more. Both units are identical, each featuring 1 bedroom/1 bathroom, 700sq ft, with an unfinished basement. Both are currently occupied, ensuring immediate income for the savvy investor. Rents are $650 per side. Unit 507's lease is month to month, and 509's is up in Oct 2024. Tenants pay for electricity, and the owner pays for water/sewer. Surrounded by parks, schools, shopping, dining, transportation, and more, this property offers a desirable lifestyle for tenants, ensuring strong demand and occupancy rates. Don't miss out on this prime opportunity to secure steady returns in a flourishing area!
- Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com
Property Details for 507 North Gladstone Avenue
Architectural Style
Ranch
Subdivision NameTuxedo Park
TownshipCenter
WaterfrontNo
ZoningMU1
Location
LISTING UPDATED: 04/25/2024 03:18 PM
Property Details for 507 North Gladstone Avenue
Status | Active |
---|---|
MLS # | 21972584 |
Days on Market | 12 |
Taxes | $1,659 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1925 |
Lot Size | 0.09 AC / 3,920 SF |
County | Marion County |
Location
Building Information for 507 North Gladstone Avenue
Stories-Residences2Year Built1925Building Size-Lot Size0.09 AC / 3,920 SF
Payment Calculator
$1,144 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 507 North Gladstone Avenue
Property History for 507 North Gladstone Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 507 North Gladstone Avenue
Taxable ValueLand$6,100Additions$139,800Total$145,900
Tax Record2022$3,317 ($276 / month)
Home Facts
Beds4Total Finished SqFt700 SqFtAbove Grade Finished SqFt700 SqFtStories1Lot Size3,790 SqFtStyleCondominiumYear Built1925Year Renovated2004ZoningZO01CountyMARIONAPN49-10-04-119-417.000-101
Schools near 507 North Gladstone Avenue
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 |
---|---|---|
Ralph Waldo Emerson School 58 PublicPK to 6 | ||
Arlington Community Middle School Public7 to 8 | ||
George Washington Community High School (9-12) Public9 to 12 | ||
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.