MLS® ID: 21696592
2910-2916 Winthrop Avenue
Indianapolis, IN, 46205 $137,500
*INVESTOR ALERT!* Unique opportunity to buy 2 duplexes that neighbors. 2 duplexes, with 4 separate units total. Each unit has 1 bedroom, 1 bath & a basement for laundry and storage. Currently 2 units are rented for a total of $1,200. The owner is moving out of the southern unit that has a nicely finished side that would rent for $750-$850, & 1 gutted side that would rent for $850-$950 when finished. End goal would be to flip all tenants separately with the ability to fix up the units while still bringing in income. 1-3 year goal would be $1,000 per unit, bringing in $4,000 in rents monthly. The neighborhood currently has 8 rehab projects. The neighbor to the south just finished a remodel and listed for $394,200.