1338 Barth Avenue, Indianapolis, IN 46203
- $650,000
- 3
- BD
- 3
- BA
- 2,040
- SqFt
- List Price
- $650,000
- MLS#
- 22102547
- Property Type
- Residential
- Bedrooms
- 3
- Bathrooms
- 3
- Sqft. of Residence
- 2,040
- Year Built
- 1880
- Days on Market
- 73
- Status
- ACTIVE
Property Description
This beautifully remodeled quadraplex offers a rare opportunity for an owner-occupant to build wealth while significantly offsetting their monthly housing expense. The property features two spacious and updated 2-bedroom, 2-bath units and two updated 1-bedroom, 1-bath units, all thoughtfully renovated with granite kitchen countertops, newer appliances, and stackable washer and dryer units in each apartment. The lower-level 2-bedroom, 2-bath units each feature a covered front porch, private rear patio, yard/green space, and rear parking, creating an ideal setup for an owner occupant looking to enjoy the benefits of a private residence while generating rental income from the remaining units. Three of the four units are currently leased, providing immediate income potential from day one. This property is especially attractive for buyers looking to utilize an owner-occupied mortgage program, as many primary residence loan options allow financing for properties with up to four units. This creates a unique opportunity to live in one unit while the rental income from the other three units helps substantially offset - and potentially cover - a large portion of the monthly mortgage payment. Located in the heart of highly desirable Fountain Square, the property is within walking distance to popular restaurants, entertainment, and local attractions, with easy access to downtown Indianapolis, Eli Lilly, and major downtown events.
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Additional Information
- Basement
- Cellar
- Foundation
- Brick/Mortar
- Stories
- Two
- Architecture
- Traditional
- Interior
- Eat-in Kitchen, Wood Work Painted
- Acres
- 0.14
- Heat
- Baseboard, Forced Air
- Cooling
- Central Air
- Appliances
- Dishwasher, Dryer, MicroHood, Electric Oven, Refrigerator, Washer
- Semi-Annual Taxes
- $2,794
- Garage Parking
- Guest Street Parking, Other
- Region
- Center
- Eating Areas
- Dining Combo/Kitchen
Listing courtesy of Marissa Bryant from Highgarden Real Estate
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