Description

Welcome to an exceptional investment opportunity in the heart of Indianapolis! This charming duplex, located at 1410-1412 N Tuxedo St, offers two spacious 2-bedroom, 1-bath units. Perfect for investors looking to capitalize on the strong rental market or for those interested in house-hacking-living in one unit while renting out the other. Renting out a 2-bed, 1-bath unit in this area is highly lucrative, with comparable properties typically leasing for around $800 – $1,000 per month per unit. Additionally, for investors interested in Section 8 housing, the Indianapolis Housing Agency provides competitive rental payments, with Section 8 paying around $800 – $900 for a 2-bedroom unit in the 46201 ZIP code, ensuring a steady and reliable income stream. This duplex is ideal for those looking to enter the rental market or expand their portfolio, promising consistent rental income with the added benefit of house-hacking potential. By living in one unit, an owner can offset their mortgage with rental income from the other unit. The property is situated in a burgeoning neighborhood with easy access to local amenities, schools, and public transportation, enhancing its attractiveness to potential tenants. The bike-friendly streets and proximity to parks make it a desirable living location. Don’t miss out on this fantastic investment opportunity in one of Indianapolis’s most promising areas.