1140 Trowbridge Street

    Indianapolis, IN 46203
    • $100,000
    • STATUS: Active
    • ON SITE: 210 days
    • MLS #: 21665893
    Price Reduced
    UPDATED: 32 min ago
    $100,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    School District:

    Description

    TRIPLEX!! CASH FLOW CENTRAL!!! Top and bottom this home is beautiful. In between... not so much... except it's a money tree. Michaelis did $10,000+ of foundation work and $30,000 spent on the roof in the last 2 years. Also 2 year old furnace and new and newer window AC units. Long term tenants, one of them about 10 years. Only one has a lease (and it is now month to month). So many options to choose from... remodel and resell, leave it and cash flow like crazy, slowly update and raise rents, on and on. There is nothing pretty about this thing (except the roof and foundation) EXCEPT the cash flow!!

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    © 2020 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.
    www.davidbrentonsteam.com/homes/98716133

    1140 Trowbridge Street Indianapolis, IN 46203

    • Price: $100,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 21665893
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1920
    Built
    Neighborhood:
    C M Cooper Trs Prospect
    County:
    Marion
    Area:
    4913 - Marion - Center Se
    School District:
    Indianapolis Public Schools
    Property Description
    TRIPLEX!! CASH FLOW CENTRAL!!! Top and bottom this home is beautiful. In between... not so much... except it's a money tree. Michaelis did $10,000+ of foundation work and $30,000 spent on the roof in the last 2 years. Also 2 year old furnace and new and newer window AC units. Long term tenants, one of them about 10 years. Only one has a lease (and it is now month to month). So many options to choose from... remodel and resell, leave it and cash flow like crazy, slowly update and raise rents, on and on. There is nothing pretty about this thing (except the roof and foundation) EXCEPT the cash flow!!
    Exterior Features

    Architectural Style Bungalow/ShotgunTraditonalamerican Exterior Composition Siding Cement Lot Information Access AlleyAccess StreetSidewalks Lot Size 0.11 AC Roof 2 Yrs Old Unit Parking 2 Car GarageOn StreetParking Garage

    Interior Features

    Baths Total 0.00 Building Information Smoke Alarm Building Levels TwoBasement HVAC Furn. 2 YrsWin.Ac. New Laundry Connections Some Rooms Total 0 Square Foot Main Upper 0

    Property Features

    Building Utilities ElectricCable AvailableGas ConnectedMunicipal Storm ConnectedMunicipal Sewer ConnectedMunicipal Water Connected Contingency Act With No Contingency Conversion Yes Direct Soliciting No Disclosures Not Applicable Expenses 6750 Gross Operating Income 19560 Inspection Warranties Not Applicable Investment Yes New Construction No Operating Expense InsuranceUtilities Other Disclosures Broker OwnedCosmetics NeededFixer UpperFlood Plain PartialSales Disclosure Supplements Possession AtclosingTenantrights Possible Financing ContractConventionalInsuredconventional Present Use Resident Property Sub Type 1-4 Units Residential Proposed Use Resident Semi Annual Property Tax Amount 746 Tax Exemption None Tenant Pays Rent OnlyNoutil Township Center Se Transaction Type Sale Unit Count 3 Zoning Res Multi Triplex

    Listing provided courtesy of Simplify Real Estate. © 2020 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


    © 2020 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.
     
    David Brenton's Team
    4741 E Stop 11 Rd.
    Indianapolis IN, 46237