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$259,000 -

4695 Mathews Avenue Indianapolis IN 46227

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.21
Acres

Discover your next prime investment opportunity or the ideal house-hacking setup with this spacious duplex, perfectly positioned on the south side of Indianapolis! Nestled on a large corner lot, this property features two distinct living spaces, each offering multiple value-add opportunities for the savvy investor. The front unit is a charming, single-level 2 bedroom, 1 bath home with approximately 1,036 sq ft of living space. Currently tenant-occupied at $995/month (ends 12/31/24), it provides reliable cash flow from day one. The back unit is vacant and move-in ready, and presents even more potential. This unit is just over 2000sq ft and includes 2 bedrooms and 1 bath, and a fully renovated walkout basement that was taken to the studs and rebuilt. The basement adds 2 additional bedrooms, 1 bathroom, and a small kitchen, making it perfect for use as an in-law suite or even a separate third unit for extra rental income. The main level opens onto a massive walk-out deck, ideal for outdoor entertaining or relaxation. Both units feature private fenced yards, enhancing privacy and tenant appeal. The front unit has its own gravel parking spaces, while the back unit offers an attached two-car garage, ensuring convenient off-street parking. Utilities are separately metered and paid by the tenants, simplifying management and adding to the property's low-maintenance appeal. Whether you're an investor looking for a high-yield opportunity or a house hacker ready to live in one unit while renting out the other, this property offers unmatched flexibility and potential. Located just 15 minutes from downtown Indy and close to shopping, dining, and in the highly-rated Perry Township school district, this duplex is an unbeatable find!

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Property Details

Price: $259,000 Previously: $259,000 Originally: $259,000 Bathrooms: 0.00 MLS #: 22007878 Year Built: 1954 Township: Perry Type: Residential Income Zip Code: 46227 City: Indianapolis Subdivision: Longacre County: Marion School District: Perry Township Schools

Interior Features

Interior Features:
  • Cooling: Central Electric
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • Setting / Lot Description: Access, Corner Lot
  • # Acres: 0.21

Listing Office: Keller Williams Indpls Metro N

Office Contact: peter@peterstewartrealty.com

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2024 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on November 1st, 2024 at 12:16am EDT.

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