Description

INVESTOR ALERT! Don’t miss this income-generating duplex at 218-220 N Rural St, just minutes from downtown Indianapolis! Located in the rapidly appreciating near eastside, this property offers unbeatable access to Gainbridge Fieldhouse, Lucas Oil Stadium, Mass Ave, the Bottleworks District, and major employers-making it a highly desirable rental location. Each unit features 2 bedrooms and 1 bathroom, with tenants currently paying $800 & $850 per month (one expires Aug 2026 and the other Sept 2026) and covering all utilities. One unit was renovated in late 2024, and a brand-new furnace was just installed on one side. While it is considered turnkey in its current state, with some additional upgrades, the value could be improved, and rents increased as well. Or, you can switch strategies and pursue section 8 tenatns. The section 8 rent rate is up to $1619 for a 2br unit!! The property is professionally managed, ensuring a seamless, hassle-free investment. Even better, this duplex is located in one of Indiana’s 156 designated Opportunity Zones, presenting potential tax advantages for investors focused on long-term wealth building. A perfect addition to any savvy investor’s portfolio! No seller financing.