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228 N Tacoma Avenue, Indianapolis, IN 46201
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$174,900
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Home Details for 228 N Tacoma Avenue
Price
$174,900
Type
Multi Family
Year Build
1945
Lot Size
0.12
County
Marion
Basement
Storage Space, Unfinished, Partially Finished
MLS®️ Listing#
22062223
On exitrealty.com
137 days
Property Description
Turnkey Duplex - One Side Leased at $700/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $700/month in rental income. The other side is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available. Prefer to sell both as a package, giving you the rare chance to own two side-by-side income-producing properties.
- Basement
- Storage Space
- Unfinished
- Partially Finished
- Parking
- Alley Access
- On Street
- Cooling Information
- Window Unit(s)
- Heating Information
- Natural Gas
Listing Courtesy: Austyn Avenue Real Estate - 317-500-5963
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Last Updated: 2025-12-08 13:31:52
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Market statistics compiled from data from Metropolitan Indianapolis Board of REALTORS.
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$174,900
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EXIT STRATEGY REALTY
833 Lincoln Highway #410 E-5, Schererville, IN 43675