$349,000
Special Offer:
(If you do not have an agent and work directly with the listing agent)
No
About This Home
Welcome to 1714 Union St, a strong-performing duplex investment located in the desirable Old Southside neighborhood, just steps from the continued growth and demand of Bates-Hendricks. This flexible asset produces $3,425/mo ($41,100/ yr) & offers multiple income strategies ideal for investors seeking above-market cash flow with long-term upside. Unit 1 is a traditional and spacious 2-bedroom, 1-bath apartment featuring high ceilings, large eat-in kitchen, formal dining room, laundry room, hardwood floors, & comfortable layout. Providing stable income at $1,150/mo which can easily bring in more based on the market rent for the area. Unit 2 is configured for by-the-room rental, maximizing income potential. This unit includes a shared kitchen &1 full bathroom (common area), 1 ensuite bedroom w/ a private full bath, and 2 additional bedrooms, with 1 currently utilized as a large double room. Total rent for Unit 2 is $2,275 per month, broken down as follows: Ensuite bedroom: $575/month, Large (double) bedroom: $600/month, other 2 bedrooms: $550/month each. However, Unit 2 could easily be rented as a 4 bed 2 full bath whole unit instead. The property has seen key updates that enhance durability and reduce future capital expenses, including updated electrical and plumbing, new Hardie siding, and a furnace approximately five years old. The fully chain-link fenced yard adds functionality & tenant appeal. With strong in-place income, a proven rental model, and a prime location near one of Indianapolis' most active redevelopment areas, 1714 Union St presents an exceptional opportunity for investors looking to acquire a cash-flow-focused property with built-in flexibility.
Location
1714 Union St Indianapolis, IN 46225
Listing Agent
