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8315 E 36th Place Indianapolis IN 46226
- 3
- Bedrooms
- 1½
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.33
- Acres
Investor alert! This is your opportunity to secure a cash-flowing property with built-in upside potential. Currently rented at $900 per month through January 2025, this turnkey 3-bedroom, 1.5-bath ranch home provides immediate income and a strong foundation for long-term gains. Once the lease expires, you can adjust the rent to match current market rates-or go even further and tap into the Section 8 program. With the IHA rate for a 3-bedroom property in Marion County at $2,110, you'll quickly surpass the coveted 1% rule and significantly boost your monthly cash flow. Located on the far east side of Indianapolis, your tenants will appreciate the convenience of being just minutes from Pendleton Pike's abundant shopping and dining options, close to the expansive Fort Harrison State Park for weekend recreation, and near major freeways for easy commutes. Dubarry Park is only a few blocks away, adding to the property's appeal. Plus, the newly installed HVAC system ensures low-maintenance comfort. Whether you're new to real estate investing or looking to add a stable, cash-flow-focused asset to your portfolio, this property is already working for you-and there's room to grow. Don't let this rare opportunity slip by!
Property Details
Interior Features
- Appliances: Dishwasher, Dryer, Electric Water Heater, Electric Oven, Range Hood, Refrigerator, Washer
- Cooling: Central Electric
- Heating: Forced Air, Gas
Exterior Features
- Setting / Lot Description: Mature Trees
- Porch: Open Patio, Porch Open
- # Acres: 0.33
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 December 21st, 2024 at 11:46am EST.
