Pending

355 S Vine Street

Indianapolis IN, 46241

$170,000


$110.39 per sqft

Pending

3 Beds

2 Baths

1,540 sqft

Residential

Built in 1950

Courtesy of Keller Williams Indpls Metro N, Peter Stewart Listing Contact: [email protected] 

Welcome to your lucrative investment opportunity in Indianapolis! This charming single-family ranch home, located on the west side of town, features 3 bedrooms and 1.5 bathrooms and 980 sq ft of living space. In addition, it boasts an updated 560sq ft studio ADU generating $700/mo in income, with the tenant covering all utilities. Live comfortably in the updated main house while letting the rear unit significantly offset your mortgage, or maximize rental income potential by leasing both units, possibly exceeding the 1% rule. Conveniently situated on a corner lot, this property offers easy access to key destinations, including the airport, the Indy 500, and downtown Indianapolis-all within a 10-minute drive. The main home is move-in ready, featuring updates like laminate flooring and new paint. The ADU has also been updated within the past few years. Ample parking is provided with a large gravel parking area on the side of the property, accommodating multiple vehicles. Whether you're an owner-occupant looking for added income or an investor seeking a promising rental property, this versatile opportunity awaits!

21979192

MLS ID

May 14, 2024

Listed

May 16, 2024

Updated

Map

355 S Vine Street
Indianapolis IN, 46241

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

2


Full Bathrooms

1


Half Bathrooms

1


Interior Features

Eat-in Kitchen


Appliances

Gas Water Heater, Electric Oven, Refrigerator


Fireplace

No


Cooling

Yes


Cooling Description

Central Electric


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.16 Acres


Lot Features

Corner Lot


Architectual Style

Ranch, TraditonalAmerican

School Information

School District

MSD Wayne Township

Other Property Details

Area Name

4909 - Marion - Wayne


Days on Market

2


Garage

No


Parking

Common


View

No


County

Marion


Municipality

Wayne


Water Source

Municipal/City


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/16/2024

Pending

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 5/16/2024, 5:36 AM 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. 

©2024 Metropolitan Indianapolis Board of REALTORS, All rights reserved.

Data last updated 5:36 AM UTC, 5/16/2024

Powered byLuxury Presence