Description

Positioned in the heart of the rapidly redeveloping Arsenal Heights neighborhood, this new construction duplex is a rare chance to secure a turnkey asset in one of Indy’s strongest rental corridors. The neighborhood is fueled by growth spilling over from Fountain Square, Mass Ave, and downtown employers like IU Health, Eli Lilly, and Bottleworks. Property Highlights Two 3BR/2BA mirror units Open floor plans, stainless appliances, energy-efficient systems Low-maintenance new build, rental-grade finishes 2-car rear parking per unit + street parking Walkable location, minutes to downtown & Monon Trail Investment Snapshot Rents: $1,700-$1,900 per unit Gross Income: $40.8K-$45.6K/year Expenses: ~$7.5K-$8K per unit (with mgmt) Target Cash-on-Cash: 8-10% Upside: Ongoing Arsenal Heights revitalization + demand from major job centers Key Advantages 1031 Exchange-ready Limited new rental supply in high-demand submarket Truly turnkey – lease and cash flow from day one. Completion December 2025.