Description

This 2 bed / 1 bath per unit duplex sits in the heart of the Christian Park neighborhood, just about five miles east of downtown Indianapolis. Unit 14 is currently vacant, and Unit 16 is rented month-to-month at $750. The property has been well cared for with major updates in recent years, including new HVAC and central air, a new roof, siding, and gutters (all completed in 2022), plus interior upgrades like laminate flooring, tiled showers, and a new water heater in 2023. With these big-ticket updates already handled, the property offers reduced maintenance costs and steady income from day one. Current rent is $750 on the occupied side, but comparable 2 bed / 1 bath units in the area command $900+, creating clear upside. The numbers already exceed the 1% rule, and with one unit vacant, it’s ready for an owner-occupant or new tenant to increase returns right away.