1719 Thaddeus ST Active Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46203
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 953 sqft
Price per Sqft $156
Subdivision P G C Hunts Southeast Add
MLS Listing ID 22004068
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1955
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
This updated 2 bed/1 bathroom rental has great cash flow of $14,400/year, a 7.9% cap rate after expenses and a wonderful tenant. The water heater and the AC condenser are newer, and the house features white vinyl windows throughout, fresh interior and exterior paint, newer luxury vinyl plank flooring and a fully remodeled bathroom. This is located on a quiet street in an appreciating area with lots of renovations happening on the southeast side of Indianapolis near Fountain Square, Garfield Park, and just minutes from Downtown! Features like the welcoming covered front porch, fully fenced backyard, central air, spacious bedrooms, and interior updates will help retain quality tenants and make this rental a valuable addition to your portfolio. Buy both 1719 and 1717 Thaddeus as a package for $316,000 for a cap rate of 7.5% with combined annual cash flow of $30,120! No assignment of contracts.
Location
State IN
County Marion
Rooms
Main Level Bedrooms 2
Interior
Interior Features Eat-in Kitchen,Windows Vinyl,Wood Work Painted
Heating Forced Air,Gas
Cooling Central Electric
Fireplace Y
Appliance Gas Water Heater,Laundry Connection in Unit,Gas Oven,Refrigerator
Building
Story One
Foundation Block
Water Municipal/City
Architectural Style TraditonalAmerican
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools