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