602 South Biltmore Avenue

Indianapolis, IN 46241

$274,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this all-brick duplex! You have so much opportunity to purchase this duplex for your own. You can house hack and move into one side and use an FHA loan to put down 3.5%. You can purchase this duplex as an investment and have a clear line of rental income. You can do both options and even think about building another duplex on the extra land in the back. The options are endless and this property has the value to get you where you want. Unit A (left) side is rented for $950/month and Unit...Welcome to this all-brick duplex! You have so much opportunity to purchase this duplex for your own. You can house hack and move into one side and use an FHA loan to put down 3.5%. You can purchase this duplex as an investment and have a clear line of rental income. You can do both options and even think about building another duplex on the extra land in the back. The options are endless and this property has the value to get you where you want. Unit A (left) side is rented for $950/month and Unit B (right) side is currently rented for $875/month. Tenants pay all utilities and cover lawn maintenance. Come soon to see what your next investment has to offer you!
  1. Listed by Scott Chain • RE/MAX Advanced Realty • scottchain@indyhomepros.com

Property Details for 602 South Biltmore Avenue

Subdivision Name
Biltmore Gardens
Township
Wayne

Location

Listing Courtesy of RE/MAX Advanced Realty
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LISTING UPDATED: 04/25/2024 01:18 PM

Property Details for 602 South Biltmore Avenue

StatusActive
MLS #21972008
Days on Market27
Taxes$2,041 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1968
Lot Size0.12 AC / 5,227 SF
CountyMarion County

Location

Listing Courtesy of RE/MAX Advanced Realty
Add your commute

Building Information for 602 South Biltmore Avenue

Stories-Residences2Year Built1968Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$1,840 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,500

Property Taxes

$340

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 602 South Biltmore Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46241
  • Postal Code Plus4: 0602
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491212111762000930
  • Semi Annual Property Tax Amt: 2041
  • Tax Year: 2023
  • TaxLot: /0
School Information
  • School District: MSD Wayne Township
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 5140.0
  • Lot Size Acres: 0.12
  • New Construction: False
  • Year Built Numeric: 1968
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Biltmore Gardens L171
  • Photos Count: 22
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Interior Features
  • Basement YN: No
  • Levels: One
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: Guest Parking, Parking Lot, Unpaved
Income & Expenses
  • Expenses: 0
  • Gross Income: $21,600.00
Unit 1
  • Unit Kitchen: 10x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly

Property History for 602 South Biltmore 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 602 South Biltmore Avenue

Taxable ValueLand$4,400Additions$174,100Total$178,500
Tax Record2022$4,082 ($340 / month)
Home Facts
Beds3Total Finished SqFt736 SqFtAbove Grade Finished SqFt736 SqFtStories1Lot Size5,140 SqFtStyleCondominiumYear Built1968CountyMARIONAPN49-12-12-111-762.000-930

Schools near 602 South Biltmore Avenue

This home is within M S D Wayne Township.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 10 to 12
Public - 10 to 12
Rating
School
Distance
Rhoades Elementary School
PublicPK to 6

Lynhurst 7th & 8th Grade Center
Public7 to 8

Ben Davis High School
Public10 to 12

Ben Davis University High School
Public10 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

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602 South Biltmore Avenue is a multi-family home for sale in Indianapolis, IN 46241. This property was listed for sale on April 3, 2024 by RE/MAX Advanced Realty, it's currently listed at $274,900. It has been on the market for a total of 27 days and was last sold on August 14, 2023. This listing's school district is M S D Wayne Township. Nearby schools include Rhoades Elementary School, Lynhurst 7th & 8th Grade Center and Ben Davis High School. 602 South Biltmore Avenue is a 0-bed, 0-bath, multi-family home built in 1968.

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 RE/MAX Advanced Realty

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.