Active

8315 E 36th Place

Indianapolis IN, 46226

$120,000


$101.61 per sqft

Active

3 Beds

2 Baths

1,181 sqft

Residential

Built in 1960

Courtesy of Keller Williams Indpls Metro N, Peter Stewart Listing Contact: [email protected] 

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!

22015467

MLS ID

December 20, 2024

Listed

December 20, 2024

Updated

Map

8315 E 36th Place
Indianapolis IN, 46226

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

2


Full Bathrooms

1


Half Bathrooms

1


Interior Features

Entrance Foyer, Eat-in Kitchen


Appliances

Dishwasher, Dryer, Electric Water Heater, Electric Oven, Range Hood, Refrigerator, Washer


Laundry Description

Main Level


Fireplace

No


Cooling

Yes


Cooling Description

Central Electric


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.33 Acres


Exterior Features

Storage Shed


Lot Features

Mature Trees


Architectual Style

TraditonalAmerican

School Information

School District

Indianapolis Public Schools

Other Property Details

Area Name

4905 - Marion - Warren


Days on Market

1


Garage

Yes


Garage Spaces

1


Parking

Attached


View

No


County

Marion


Municipality

Warren


Water Source

Municipal/City


Pool

No

Courtesy of Keller Williams Indpls Metro N, Peter Stewart,
Listing Contact: [email protected] 

IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on the information submitted to the Broker Listing Cooperative listing service as of 12/20/2024, 11:18 PM UTC. All information believed to be reliable but not guaranteed and should be independently verified. Supplied Open House Information is subject to change without notice. All properties are subject to prior sale, change, or withdrawal. Properties may or may not be listed by the office/agent presenting the information. Neither listing broker(s), nor Metropolitan Indianapolis Board of REALTORS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. 

©2024 Metropolitan Indianapolis Board of REALTORS, All rights reserved.

Data last updated 11:18 PM UTC, 12/20/2024

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