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For Sale For Rent
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bedrooms
bedrooms
3
bathrooms
bathrooms
2
square feet
square feet
1,181
acreage
Acreage
0.33
open houses
Open Houses
-
year built
year built
1960
full baths
Full Baths
1
half baths
Half Baths
1
Investor alert! This is your opportunity to secure a cash-flowing property with built-in upside potential. Currently rented at $900 per month (mo-to-mo), 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!
Location
Subdivision North Eastwood
County Marion
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 22015467
Listing agent: Peter Stewart #RB15000083
Listing broker: Keller Williams Indianapolis Metro North (317) 846-6300
Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Thursday, January 23 2025 at 1:55 p.m. EST
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