$255,000
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Address not provided Indianapolis, IN 46226
Single Family
Residence
3
Beds
2
Baths
...
Bed/Bath
1,728
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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Investor opportunity with solid returns and future growth potential. This income-producing property at 8560 E 38th Street is being sold together with the adjacent parcel at 8554 E 38th Street. The home is currently rented for $1,900 per month, providing immediate and consistent cash flow. A great op...tion for investors seeking a turnkey rental with a stable tenant already in place. The second parcel, 8554 E 38th Street, is a separate lot with its own street access and address, making it an ideal buildable site. This gives the new owner flexibility to develop another home, expand rental holdings, or hold the land for future appreciation. Opportunities to purchase an existing rented property alongside a buildable lot are limited, making this package a valuable long-term investment. The existing home offers comfortable living space, a functional layout, and a well-maintained interior, ensuring continued tenant satisfaction and low vacancy potential. Located near shopping, schools, and major roads, the property benefits from strong rental demand and convenient access to local amenities. This package provides both short-term income and long-term upside-perfect for investors looking to expand their portfolio with minimal effort. Acquire a tenant-occupied property that pays from day one and gain a second parcel ready for future development or resale. All information deemed reliable but not guaranteed. Buyers to verify lot dimensions, zoning, lease details, and development potential.
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MLS#
22031726
Property Type
Single Family
Bedrooms
3
Bathrooms
2 Full
Year Built
1948
Square Feet
1,728
sq. ft
Lot Size
0.79
Stories
1.0
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
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