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355 S Vine Street

Indianapolis, IN 46241
  • $170,000
  • STATUS: Pending
  • ON SITE: 40 Days
  • MLS #: 21979192
Under Contract
UPDATED: 77 min ago
$170,000
  • 3
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 1,540
    SQFT
  • $110
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1950
County:

School Ratings & Info

School District:

Description

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!

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© 2024 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.

Based on information submitted to the MLS GRID as of 2024-06-24T00:24:46.71. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.davidbrentonsteam.com/homes/150515066
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355 S Vine Street Indianapolis, IN 46241

  • Price: $170,000
  • Status: Pending
  • On Site: 40 Days
  • Updated: 77 min ago
  • MLS #: 21979192
3
Beds
1
Baths
1
½ Baths
0.16
Acres
1,540
SQFT
$110
$/SQFT
1950
Built
Neighborhood:
Westridge
County:
Marion
Area:
4909 - Marion - Wayne
School District:
Msd Wayne Township
Property Description
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!
Exterior Features

Architectural Style RanchTraditonalAmerican Construction Materials Aluminum Siding Fencing Partial Foundation Details Block Garage Sq Ft 0 Garage YN No Horse Amenities None Levels One Lot Information Corner Lot Parking Features Common Porch Covered Porch View YN No Waterfront YN No

Interior Features

Appliances Gas Water HeaterElectric OvenRefrigerator Basement YN No Building Area Total 1540 Cooling Central Electric Eating Area Dining Combo/Kitchen Fireplaces Total 0 Full Baths Basement 0 Full Baths Main 1 Full Baths MU 1 Full Baths Upper 0 Half Baths Basement 0 Half Baths Main 1 Half Baths MU 1 Half Baths Upper 0 Heating Forced AirGas Interior Features Eat-in Kitchen Kitchen Features Kitchen Galley Main Level Bedrooms 3 Main Level Sq Ft 1540 Rooms Kitchen (Main Level 8x10) Primary Bedroom (Main Level 12x10) Bedroom 2 (Main Level 11x10) Bedroom 3 (Main Level 10X26) Dining Room (Main Level 14x12) Living Room (Main Level 12x12) Rooms MU 7 Rooms Total MU 7 Spa YN No Sq Ft MU 1540 Upper Sq Ft 0

Property Features

Accessibility Features YN No Acres <1/4 Acre Association YN No Current Financing ConventionalFHAVA Green Certification YN No New Construction YN No Other Equipment Not Applicable Possession Closing Property Attached YN No Property Condition Updated/Remodeled Property Sub Type Single Family Residence Rooms Total 7 Semi Annual Property Tax Amt 2460 Solid Waste Yes Tax Year 2023 Township Wayne Transaction Type Sale Utilities Electricity ConnectedGasSewer ConnectedWater Connected Water Source Municipal/City

Listing provided courtesy of Keller Williams Indpls Metro N: peter@peterstewartrealty.com. © 2024 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2024 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.

Based on information submitted to the MLS GRID as of 2024-06-24T00:24:46.71. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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David Brenton's Team
4741 E Stop 11 Rd.
Indianapolis IN, 46237