🔥🔥Turnkey Duplex Beats 1% Rule! $1,675 Rent Available

  • $139,990
  • 4 beds
  • 2 baths
  • 1,566 sqft

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2531 N Tacoma Ave, Indianapolis, IN 46218
WALKTHROUGH TO BE DETERMINED
MUST TEXT 317-751-2308 FOR ACCESS AND TIME

ASKING PRICE
$ 139,990 CASH (OR BEST OFFER)

AFTER REPAIR VALUE
$ 165,000
Turnkey Condition. Very well-maintained. Fully rented, strong rents with long-term stable tenants. Better condition/price than currently on the market for that area!! Amazing find with Instant Equity!!

RENTAL ESTIMATE
$ 1,675
Current Rents $1,675 total ($825/$850). Potential Rents could reach $1,800+ total ($900+ each side)

PROPERTY DETAILS

  • Duplex
  • 4 Beds (2 Beds per side)
  • 2 Baths (1 Bath per side)
  • 1,566 Sqft (783 per side)
  • Long Term Tenants
  • Separate utility meters
  • No repairs needed, just collect cashflow!
  • Very well-maintained
  • Furnaces Both Approx 2013
  • ACs 2019 and Approx 2013
  • Lease Details: 2531 (Start-End 7/8/22 – 7/31/25)
  • Lease Details: 2533 (Start-End 9/24/21 – 9/24/25)
  • Potential Rents could reach $1,800+ total ($900+ each side)
  • Instant Equity
  • Better Value Than On The Market!!
  • Current Occupancy Tenant Occupied
  • Occupancy at Close Tenant Occupied
  • Close of Escrow 05/30/25
  • Best Offer Due By TBD
  • Non-Refundable Earnest Money Deposit $ 5,000

MARKET ACTIVITY


SUBJECT PROPERTY : 4 Beds (2/Side) / 2 (1/Side) Baths / 1,566 (783/Side) Fin Sqft

COMPARABLES / RECENT ACTIVITY

  • SOLD $183,500 – 3468 N Dearborn St / 4 Bed / 2 Bath / 1,632 Fin Sqft
  • SOLD $175,000 – 2319 N Gale St / 4 Bed / 3 Bath / 1,724 Fin Sqft
    • Location reduced value
  • SOLD $175,000 – 2921 E 18th St / 4 Bed / 2 Bath / 1,456 Fin Sqft

    • Less sqft
  • SOLD $150,000 – 2002 Adams St / 4 Bed / 2 Bath / 1,456 Fin Sqft

    • Less sqft, No Central AC
  • SOLD $147,000 – 2502 Columbia Ave / 4 Bed / 2 Bath / 1,148 Fin Sqft

    • Much Less Sqft, No Central AC
  • SOLD $143,000 – 2540 Schofield Ave / 4 Bed / 2 Bath / 1,430 Fin Sqft

    • Less Sqft, Worse Condition and Finishes
  • SOLD $140,000 – 2729 Adams St / 4 Bed / 2 Bath / 1,416 Fin Sqft

    • Less Sqft, No Central AC, Lower Rent

    • LINK TO COMPS

    Price:
    $139,990
    Address:
    2531 N Tacoma Ave
    Indianapolis, IN 46218
    Square Feet:
    1,566
    Lot Size:
    5,097
    Bedrooms:
    4
    Bathrooms:
    2
    Terms:
    Assignment of Contract
    Property Type:
    Duplex
    Year Built:
    1958
    Basement:
    No

    Call 317-751-2308 for more details

    Property Location