23 Harris Avenue, Indianapolis
23 Harris Avenue, Indianapolis, IN 46222
Purpose unavailable
$209,900
Property Details
Bedrooms
Bathrooms
N/A
Sq Ft
1910
Year Built
Additional Information
Home Features
Providence Property Group, PC
Residential seller representation and real estate guidance in Greenwood, Indianapolis, and nearby Central Indiana communities.
Office
612 N Madison Ave
Greenwood, IN 46142
Call/Text
(317) 746-0616
garrettvaleu@providenceproperty.group
Description
Investors and house hackers, welcome to 23-25 S Harris Ave-a turn-key, updated side-by-side duplex on Indianapolis' rapidly developing near-west side! Unit 23 is currently rented at $1,265/mo on a month-to-month lease, providing immediate income, while Unit 25 is vacant and move-in ready-ideal for an owner-occupant looking to offset their mortgage with rental income or an investor ready to place their own tenant. With both sides offering nearly identical layouts and finishes, Unit 25 should support a similar rent of approximately $1,265/mo, bringing projected total gross rents to $2,530/mo. Once fully occupied, the property is projected to perform well above the coveted 1% rule, making it an especially compelling option for cash-flow-focused investors. Landlord expenses are kept low with all utilities separately metered and paid by the tenants. Just 10 minutes from Downtown Indy, IU Indianapolis, four major west-side hospitals, the Indianapolis Motor Speedway, and near the new Elanco Global HQ, White River State Park, and Indy Zoo. Both units feature modern updates including durable LVP flooring, carpet upstairs, updated kitchens with white shaker cabinets, and central heating and air. Unit 23 offers 3 beds/1 bath, while Unit 25 features 3 beds/1.5 baths. A covered front porch adds classic 1910 character, while key improvements include a roof estimated at approximately 5 years old. A flexible opportunity for immediate income, house hacking, or long-term portfolio growth. Professional management is already in place and can remain if desired.
Location
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23 Harris Avenue, Indianapolis, IN 46222
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Listing provided courtesy of Peter Stewart at Keller Williams Indpls Metro N
Contact: peter@peterstewartrealty.com
Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID
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